Monday 20 May
PH raises €750M in European bond-market comeback May 10, 2019 @ 18:51

PH raises €750M in European bond-market comeback


Looks like the country’s economic team had a solid pitch.

Economic team blames Congress for slow economic growth

The multi-city roadshow ecconomic managers conducted last month paid off.

PH economic team goes on European tour to woo investors

As far as European investors are concerned, the country’s economic managers looked convincing enough for them to invest.

Economic team out to woo Japanese investors in Osaka

After 13 years, the Philippines returned to the European debt market with a bang, raising €750 million from the issuance of eight-year bonds.

According to ABS-CBN News, the government received bids amounting to €3 billion, six times the original target of €500 million.

Interest rates were pretty competitive at 0.875 percent, just 70 basis points above midswaps.

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