Corporate bonds up 28.5% at end-Q4

Companies issued more bonds to tap the capital markets in 2014, with outstanding peso corporate bonds growing 28.5 percent to reach a cumulative P760 billion as of the fourth quarter from P592 billion a year earlier, the Asian Development Bank (ADB) said.

Corporate bonds accounted largely for the 5.5 percent expansion of the total Philippine local currency (LCY) bond market.