THE Philippines raised a record 585 billion pesos (S$14 billion) from the sale of small-denominated treasury bonds, which will help fund government projects and plug a gaping budget shortfall. Of the total, 212.7 billion pesos were sold during a rate-setting auction earlier this month. During the public offer that ended on Friday (Feb 23), 128.7 billion pesos were raised in fresh funds and 243.5 billion pesos were subscriptions to the new bonds in exchange for notes maturing in March, the Bureau of the Treasury said on Monday. The debt due February 2029 carries a coupon of 6.25 per cent. The amount topped the previous record of 516.3 billion pesos from the sale of retail treasury bonds in 2020 for economic and social support during the Covid-19 pandemic.   https://www.businesstimes.com.sg/international/philippines-raises-record-585-billion-pesos-retail-treasury-bonds (ICE SINGAPORE)

Fonte notizia: The Business Times, 26 February 2024