Excess supply hits Philippine bonds in secondary market

By Alice Huang
07 Aug 2020

Dollar bonds sold by a number of Philippine issuers in the past two months have dipped in the secondary market, as a combination of too much supply too quickly and tight pricing puts pressure on the deals.

June and July were busy for Philippine issuers – usually rare in the dollar debt market – with 11 names raising a combined $5.75bn, according to GlobalCapital Asia’s data. But that deal flow has been absent for the past two weeks, with some of the existing bonds struggling ...

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