Dollar bond offer launched

THE government has returned to the international capital markets with a new triple-tranche dollar bond offering, seeking to take advantage of what officials said were improving global market conditions and sustained investor confidence. The Bureau of the Treasury on Tuesday announced a triple-tranche issuance of 5.5-, 10- and 25-year dollar-denominated global bonds. The 25-year will be a further issue of 2051 dollar bonds offered in January. It will be the second dollar bond sale this year follo