(Bloomberg) -- Philippine bonds rose on optimism
demand at a government sale of retail notes will allow it cancel
more debt offerings, increasing the allure of already issued
securities. The peso gained.
Ten-year bonds advanced for a second day as sales of the
three- and five-year notes aimed at individual buyers exceeded
70 billion pesos ($1.5 billion), or almost 10 times more than
the original amount on offer, according to an executive at one
of the deal's arrangers.
Read more at Bloomberg Bonds News
demand at a government sale of retail notes will allow it cancel
more debt offerings, increasing the allure of already issued
securities. The peso gained.
Ten-year bonds advanced for a second day as sales of the
three- and five-year notes aimed at individual buyers exceeded
70 billion pesos ($1.5 billion), or almost 10 times more than
the original amount on offer, according to an executive at one
of the deal's arrangers.
Read more at Bloomberg Bonds News
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