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MANILA : The Philippine authorities has raised $2 billion from a three-tranche U.S. greenback bond deal, Nationwide Treasurer Rosalia de Leon mentioned on Thursday, the primary offshore debt problem by the Marcos administration.
It bought $500 million price of five-year bonds, priced at 5.17 per cent, or five-year U.S. Treasury plus 120 foundation factors (bps).
The ten.5-year bond provide raised $750 million, with a yield of 5.609 per cent, or 10-year U.S. Treasury plus 185 bps.
One other $750 million was raised through the 25-year inexperienced or sustainability bonds, priced at 6.1 per cent.
Proceeds of the 5-year and 10.5-year bond gross sales shall be used for funds financing.
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