The Philippines cuts costs with $2b bond

The Southeast Asian country is the first sovereign to sell a dollar bond this year, swapping its old notes with new ones as Treasury yields drop to a 1.5-year low.

Chien Mi Wong

January 07, 2015

The Republic of the Philippines priced a $2 billion 25-year offering early on Wednesday morning — the first Asian sovereign to do so in 2015 — beating Indonesia to it as Treasury yields continue to hover at low levels.

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