Government raises $2.75B from international bond foray

MANILA, Philippines — The government has raised $2.75 billion from its latest multitranche sale of US dollar bonds, underpinned by investment-grade ratings from major credit watchdogs. A term sheet showed that the Marcos administration sold bonds across three tranches, with $500 million maturing in 2031, $1.5 billion in 2036 and $750 million in 2051. The