Philippines raises ₱167.25 billion in retail bond sale
The offering exceeded a ₱150 billion launch projection, with the bonds carrying a 6.875 per cent coupon.
A retail Treasury bond sale has brought the Philippine government ₱167.25 billion, above the ₱30 billion initially targeted by the Bureau of the Treasury. The amount also surpassed the ₱150 billion projected when the offering was launched.
Subscriptions during the 29 September–7 October offer period accounted for ₱82.39 billion, alongside ₱84.86 billion raised at the auction that set the rate. The Treasury said figures for the bond-switch portion would be released later.
Issuance and settlement of RTB-32 are scheduled for 12 October. The securities carry a 6.875 per cent coupon, have a 2.5-year term and are due in 2029.
The Treasury said the money would support budget requirements for projects and programmes in areas including agriculture, infrastructure, health and education. Investors had access to the offering through conventional sales channels, online services and mobile applications.
Development Bank of the Philippines and Landbank jointly led the issuance. The offering contributes to a domestic borrowing plan of ₱892 billion for the final three months of 2026. For the full year, the Marcos government plans borrowing of ₱2.73 trillion, with ₱1.92 trillion to be sourced domestically.
