MANILA: The Philippines is jumping back into strong credit markets with what would be its second dollar bond this year, as it raises funds to counter the economic impact of the pandemic.
The proceeds from the benchmark-sized offering will be used for general purposes including budgetary support, according to a person familiar with the matter who’s not authorised to speak about the matter and asked not to be identified.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!