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Philippines Plans $3.5 Billion Overseas Debt Issuance in 2025

1/22/2025

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Summary

Story summary

The Philippines aims to issue $3.5 billion in overseas debt in 2025, reduced from $4.5 billion last year.
Finance Secretary Ralph Recto confirmed most bonds will be US dollar-denominated, with sales commencing in the first half.
Interest rate cuts may persist but will be constrained by geopolitical tensions and US policies.
The peso has depreciated by 1% against the dollar this year, yet domestic savings ensure borrowing liquidity.

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Story summary

The Philippines aims to issue $3.5 billion in overseas debt in 2025, reduced from $4.5 billion last year.
Finance Secretary Ralph Recto confirmed most bonds will be US dollar-denominated, with sales commencing in the first half.
Interest rate cuts may persist but will be constrained by geopolitical tensions and US policies.
The peso has depreciated by 1% against the dollar this year, yet domestic savings ensure borrowing liquidity.