THE Philippines has been cited as Asia’s “best borrower” by Hong Kong-based FinanceAsia magazine for the country’s innovative execution of a $1.5 billion bond issue completed in January 2014, its first ever transaction as an investment grade sovereign.
The Philippines earned the “Region’s Best Borrower” award from FinanceAsia’s Fixed Income Research Poll 2014, which identifies Asia’s best borrowers, analysts, rating agencies and research houses.
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