The Philippine local currency (LCY) bond market grew 8.8 percent year-on-year in the second quarter of 2014, with increases in both government and corporate bond issues, the Manila-based Asian Development Bank (ADB) said.
In the latest Asia Bond Monitor report, ADB said the country’s total LCY bonds rose to P4.492 trillion ($103 billion) from P4.128 ($96 billion) a year earlier.
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