THE PHILIPPINE government is looking to raise funds via a benchmark-sized US dollar-denominated bond issue with tenures ofThe borrower has opened orders for ave-year bond at the 125 basis points over Treasuries area, a 10.5-year note at the 165 bps over Treasuries area and a 25-year bond at the 4.7% area, the document showed.
Finance Secretary Carlos G. Dominguez III last month said the Finance department had been in talks with banks on a $500-million green bond oFunds raised from green bonds are used for climate change mitigation and environmental projects. The country’s sustainablenance framework seeks to harness public and private investments to support the transition to a clean, sustainable and climate-resilient economy, Mr. Dominguez said.ve-, 10.5-, and 25-year bonds are March 29, 2027; Sept.
Moody’s Investors Service assigned senior unsecured ratings of “Baa2” to the Philippines’ dollar-denominated global bond oerings. This mirrors the “Baa2” credit rating with a stable outlook for the Philippines given by Moody’s in July 2020. “ reduced the government’s tax revenue collections especially since the lockdowns and the relatively slower recovery thereafter.”
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