The Philippines successfully raised USD 2 bln through a two-part dollar bond offering, marking its first international market venture this year. The sale included USD 1 bln in a 10-year bond at 80bps above comparable US treasuries and USD 1 bln in a 25-year sustainability note at a yield of 5.6%, which will fund the government’s budget and sustainable finance initiatives. This action is part of a broader plan to secure about USD 5 bln from international markets in 2024.