Philippine corporate bond issuance may hit US$7bil in 2022

MANILA, Aug 29 (Reuters): Philippine companies are seen raising a record 400 billion pesos ($7.14 billion) through bond issuances this year to fund expansion plans and retire debts, the country's bond market operator have announced

Year-to-date, companies have raised 371 billion pesos via bonds, with a robust pipeline in the coming months. Bond listings on the PDEX fell by nearly half to 213 billion last year from a record high of 387 billion in 2020.