The Philippine local currency (LCY) bond market grew by 6.9 percent quarter-on-quarter, according to the Asian Development Bank (ADB).
In its “Asia Bond Monitor” report on Thursday, the Manila-based multilateral lander said the bond market rose to P7.1 billion ($140 billion) in the first quarter from P6.6 trillion ($131 billion) in the fourth quarter of 2019.
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