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Philippine government outstanding debt has increased to a new all-time high of nearly 11 trillion pesos

June 14, 2021
EM Bonds: Cbonds tells about features and trends of EM bond markets.

As of the end of April 2021, the debt of the Philippine government was 10.991 trillion pesos. The rise in public debt is largely driven by the recent surge in external borrowing, as in April the Philippines issued euro-denominated Eurobonds of €2.1 billion ($2.5 billion) and samurai bonds of ¥55 billion ($505 million).

In addition to the public sector, the domestic corporate bond market is also expected to maintain positive growth dynamics in 2021.

The corporate bond market in the Philippines is characterized by a variety of bond types for different funding needs. So in recent years, green bonds (Arthaland, 6.3517% 6feb2025, PHP), sustainable development bonds (Rizal Commercial Banking (RCBC), 6.15% 4jun2021, PHP), as well as a coronavirus bonds (Bank of the Philippine Islands ( BPI), 3.05% 7may2022, PHP) were placed.

The dynamics of new issues can be found in the corresponding section of the Cbonds website.

Company — Philippines
  • Full name
    Department of Finance of the Republic of the Philippines
  • Registration country
    Philippines