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Philippines Reconsiders Five-Year Jumbo Bond Sale on High Inflation, Weak Peso

Source: Bloomberg

Sovereign Debt & RatingsCurrency & FXInterest Rates & YieldsFiscal Policy & Budget

The Philippines is reconsidering a plan to sell five-year “jumbo” bonds later this month as a falling peso and higher interest rates increase borrowing costs. The decision points to deteriorating near-term funding conditions for the sovereign and likely keeps investor pricing volatility elevated for Philippine debt.

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