Philippines prices global peso note inside onshore curve

The sovereign returns to the global peso market after an absence of nearly two years, as it seeks to reduce dollar debt.

Denise Wee

November 12, 2012

The Republic of the Philippines tapped the market late last week with its third global peso bond, raising Ps30.8 billion ($750 million). The bond is peso-denominated but settled in US dollars, so investors are exposed to a weakening in the peso’s value.

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