Philippines Sells $2.75 Billion Dollar Bonds Amid Volatility

The Philippines sold $2.75 billion of dollar bonds Tuesday, braving rocky markets after fresh tensions between the US and Europe along with a selloff in Japanese bonds and Treasuries.

The country priced notes with tenors of 5.5, 10 and 25 years, according to a person familiar with the matter. The largest tranche — a $1.5 billion 10-year — has a premium of 0.8 percentage point over Treasuries, about 20 basis points tighter than initial price talk, the person added.