The Philippines' local currency (LCY) bond market grew in the second quarter of the year, driven by the expansion of government bonds, a report released by the Asian Development Bank (ADB) showed.
In its latest "Asia Bond Monitor," the Manila-based lender said outstanding LCY bonds amounted to P9.3 trillion, up by 25.1 percent and 2.5 percent, a year and a quarter earlier, respectively.
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