Philippines pushes maturities to 25yr

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By Morgan Davis
28 Apr 2020

The Republic of the Philippines pushed its bond maturities further this week, selling a 25 year note alongside a 10 year portion. The deal raised a combined $2.35bn, making it one of the country's largest trades.

There was some debate as to whether the Baa2/BBB+/BBB rated sovereign would designate its bond proceeds for Covid-19 response measures, said a syndicate head on the deal.

Other recent issuers, including the Republic of Indonesia, have sold virus relief bonds to generate money for domestic stimulus. ...

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