Government to issue global bonds anew in 2026

business / Bonds Bonds $1.5 billion Government to issue global bonds anew in 2026 By: Nyah Genelle C. De Leon - @inquirerdotnet Phiippine Daily Inquirer / 02:18 AM June 17, 2026 Share: MANILA, Philippines – The Philippine government is set to tap the offshore bond market for the second time this year with a benchmark-sized triple-tranche US dollar debt offering.

In a statement on Tuesday, the Bureau of the Treasury (BTr) said it launched US dollar-denominated bonds with tenors of 5.5 years, 10 years and 25 years. READ: $2.

75B raised from Philippine global bond sale Article continues after this advertisement The 25-year offering will be a tap of existing 2051 notes issued last January.FEATURED STORIES BUSINESS BPI app down again after brief restoration BUSINESS GSIS to roll out P15K subsidy for STEM college freshmen BUSINESS Oil prices may drop to prewar levels in 6-12 months with US-Iran deal The planned bond sale is expected to raise at least $500 million from each tranche, bringing the total deal size to a minimum of $1.5 billion.

The bonds are scheduled to settle on June 24. According to the BTr, initial pricing guidance was set at 85 basis points (bps) for the 5.5-year tranche, 125 bps for the 10-year tranche and a yield of 6.

10 percent for the 25-year tap. “The Republic’s return to the international capital markets comes at an opportune time, amid improving market sentiment and favorable global developments,” National Treasurer Sharon Almanza said. “This transaction reflects our prudent and proactive approach to financing, allowing us to secure funding efficiently while supporting the National Government’s priority programs and development objectives,” she added.

Article continues after this advertisement This marks the government’s second global bond issuance this year, following its $2.75-billion triple-tranche US dollar bond offering in January. In total, the Marcos administration had tapped the international bond market four times.

The other two include the dual-currency issuance of $2.25 billion and 1 billion euros in January 2025 and the $2.5-billion triple-tranche offering in August 2024.

Article continues after this advertisement Notably, the most recent offering comes as markets price in the impact of the tentative peace deal between the United States and Iran, which effectively ended more than three months of conflict and helped improve investor sentiment. Moody’s Ratings had already assigned an investment-grade rating of Baa2 to the bond sale, citing the country’s strong economic growth potential. In a separate development, Finance Secretary Frederick Go told reporters that the government is also planning to issue Retail Treasury Bonds in the second half of the year.

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter SIGN ME UP By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy. “Any decision regarding any issuance will take into account prevailing market developments and the government’s financing requirements,” Go said.

INQ READ NEXT Government to issue global bonds anew in 2026 Energy concerns may drive executives out of PH EDITORS' PICK OVP, DepEd officials may be hostile witnesses in VP Duterte trial Kim Molina decries threats vs Jerald Napoles over his film ‘Love, NGO’ Marcos sidesteps ‘brain drain,’ says Germany a good place to work, live Legarda on SC petition filed by allies: There’s constitutional controversy Cathy Babao reflects on her chemotherapy journey amid battle with breast cancer Senate urged to open Duterte impeachment pre-trial meet to public MOST READ Duterte camp wants Trillanes, 40 others, to testify in impeachment trial Legarda on SC petition filed by allies: There's constitutional controversy Fuel price rollback of up to P5.71/liter set on June 16 Ateneo players facing death threats after Aurora tragedy View comments EDITORS' PICK MOST READ newsinfo OVP, DepEd officials may be hostile witnesses in VP Duterte trial entertainment Kim Molina decries threats vs Jerald Napoles over his film ‘Love, NGO’ globalnation Marcos sidesteps ‘brain drain,’ says Germany a good place to work, live newsinfo Legarda on SC petition filed by allies: There’s constitutional controversy entertainment Cathy Babao reflects on her chemotherapy journey amid battle with breast cancer newsinfo Senate urged to open Duterte impeachment pre-trial meet to public newsinfo Duterte camp wants Trillanes, 40 others, to testify in impeachment trial newsinfo Legarda on SC petition filed by allies: There's constitutional controversy business Fuel price rollback of up to P5.71/liter set on June 16 sports Ateneo players facing death threats after Aurora tragedy newsinfo Sandiganbayan suspends Jinggoy Estrada for 90 days newsinfo Alan Cayetano, allies file SC petition to 'protect' Senate TAGS: Bureau of Treasury, global bonds Your subscription could not be saved.

Please try a