The Philippine local currency bond market grew to P8.13 trillion ($168 billion) in the third quarter on the back of the increase in issuances of Treasury bonds, the Asian Development Bank (ADB) reported on Wednesday.

In its latest Asia Bond Monitor report, the Manila-based multilateral lender said the amount was a 21.5-percent increase from P6.6 trillion ($131 billion) in the same period last year and an 8.8-percent jump from P7.47 trillion ($168 billion) in the second quarter.

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