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Philippines Adds to Global Debt Binge With Another Bond Deal

  • Southeast Asian nation may price 10.5- and 25-year notes today
  • Country returns to dollar bond market after sale in April
Updated on

The Philippines is jumping back into strong credit markets with what would be its second dollar bond this year, as it raises funds to counter the economic impact of the pandemic.

The proceeds from the benchmark-sized offering will be used for general purposes including budgetary support, according to a person familiar with the matter who’s not authorized to speak about the matter and asked not to be identified. For more details click here.