Govt sells $1.39B in samurai bonds

The Philippines returned to the samurai bond market on Wednesday by raising 154.2 billion yen or $1.39 billion, a result described by the government as reflective of strong investor interest in the country.

The three-, five-, and 10-year tenors that comprised the offering raised 107.2 billion, 6.2 billion and 40.8 billion yen, respectively, Finance Secretary Carlos Dominguez 3rd told reporters.