Philippines raises $2.5 billion from global bonds

The Philippines has raised $2.5 billion from a triple-tranche sale of dollar-denominated global bonds that drew strong investor demand, marking its second foray in the international debt market this year. aIn a statement, the Bureau of the Treasury said it sold $550 million in 5.5-year global bonds, $1.65 billion in 10-year bonds and a $300-million tap issue of global bonds due in 2051.