PH returns to global dollar bond market

Moody's Ratings, which assigned a 'Baa2' rating to the bond offering, announced on Wednesday that the bonds would be issued from its existing shelf program, including tranches maturing in 2030, 2035 and 2049.'The bonds to be issued under the shelf program will constitute direct, unconditional and unsubordinated obligations of the government of the Philippines,' Moody's said.

The proceeds from the bonds will be used for general purposes, including budgetary support, in which part of the tranche maturing in 2049 will also fund projects eligible under the Philippines' Sustainable Finance Framework.The Bureau of the Treasury has not yet disclosed the amount it plans to raise from the bond issuance.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Pinoy Queer Artists for Palestine to hold fundraising art market in Quezon CityPRESS RELEASE: A portion of artist sales from the 'PQA4P Art Market' will be donated to Little Gaza and Transmasculine PH
Fonte: rapplerdotcom - 🏆 4. / 86 Leggi di più »

China goes to new extremes in crackdown on bond-market frenzyBy Bloomberg News Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »

PH stocks rise; peso at 56.33 per US dollarDefining the News
Fonte: MlaStandard - 🏆 20. / 55 Leggi di più »

PH stocks fall amid sell-offs; peso rises to 58.08 a dollarDefining the News
Fonte: MlaStandard - 🏆 20. / 55 Leggi di più »