Philippines sells US$7.2 billion of peso retail treasury bonds; proceeds from issuance to help the country respond to challenges

Philippines National Treasurer Rosalia De Leon. - Bloomberg

MANILA, Nov 30 (Reuters): The Philippines has announced that it had sold 360 billion pesos ($7.2 billion) of new retail treasury bonds, which include 330.5 billion pesos in fresh cash intended for budgetary support.

The total proceeds from the sale of 5-1/2-year bonds also include 29.5 billion pesos representing the portion for a bond exchange for notes due in 2022, the Bureau of the Treasury said in a statement.