Philippines raises $1bln from maiden sukuk bond sale

Reuters Images

IFR reported on Thursday

Mikhail Flores and Karen Lema, Reuters News

November 30, 2023

PHOTO

The Philippines on Thursday raised $1 billion from its maiden sale of sukuk or Islamic bonds, IFR reported on Thursday.

The offer with a 5.5-year tenor fetched a yield of 5.045%, according to IFR. Total demand was at $3.8 billion. (Reporting by Mikhail Flores and Karen Lema)

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