Philippines Raises $1 Billion in Bond Offering

The Republic of the Philippines priced a $1 billion dollar bond late Friday (Hong Kong time), at the end of a hectic 24 hours in the Asian bond markets, which saw the completion of three other benchmark-sized deals—a sovereign from Sri Lanka, the largest Asian high-yield in more than a year from Indonesia's Adaro Energy, and another Korean offering from Korea Expressway.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.