BusinessWorld E-paper
March 23, 2022
THE PHILIPPINES raised $2.25 billion from its first triple tranche US dollar-denominated bond offering, which included its first-ever green bonds, despite heightened market volatility from the Russia-Ukraine crisis and the start of the US Federal Reserve’s policy tightening cycle.
In a statement on Tuesday, the Bureau of the Treasury (BTr)said it raised $1 billion from the inaugural 25-year green bond offer, as well as $500 million from five-year bonds, and $750 million from 10.5-year bonds.
