Philippines raises 100 bln pesos through retail T-bond sale

The Philippines raised 100 billion pesos ($2.1 billion) from the sale of retail treasury bonds, the government said on Monday.

The nine-day public offer for 3.5 percent 2026 bonds closed on Sept. 16.

Proceeds from the sale will be used to finance the government’s plan to increase infrastructure spending.

($1 = 47.9100 Philippine pesos)