MANILA, Philippines—The Philippines will again issue US dollar-denominated global bonds to raise funds for a protracted fight against the COVID-19 pandemic, Finance Secretary Carlos Dominguez III said on Tuesday (April 6).
“We will tap the US bond market before rates skyrocket,” Dominguez told Bloomberg TV, but he did not say how much or when the bonds would be offered.
The Philippines last week raised about $500-million worth of yen-denominated samurai bonds at zero coupon.
In 2020, the Philippines ventured into dollar bonds twice for its financing needs.
The national government had programmed a total of P3.03 trillion in borrowings this year, of which the bulk will be fro…
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