The Philippines’ balance of payments (BOP) surplus rose by US$ 1.85 billion year-on-year in March 2011 after it reached US$ 2.02 billion over year-ago’s US$ 169 million.
Data released by the Bangko Sentral ng Pilipinas (BSP) Tuesday showed that the surplus last March brought the first quarter surplus this year to US$ 3.5 billion or a jump of US$ 2.22 billion over the US$ 1.28 billion in end-March 2010.
The national government sold US$ 1.5 billion worth of freshly issued 15-year Republic of the Philippines (ROP) bond that was priced at 99.495 percent, has a coupon rate of 5.50 percent and yield of 5.550 percent.
Issuance of the US$ 1.5 billion global band enabled the government to complete and even exceed its US$ 2.5 billion programmed commercial borrowing this year.
The government first tapped the overseas debt market this year last January through the issuance of US$ 1.25 billion worth of dollar-denominated Global Peso Notes.
Ex-MNLF growers sign supply deal with multi-species hatchery Las Vegas Mayoral Candidate Chris Giunchigliani Stands With Small Business Karen Davila back from Harvard stint Lies claim lands ‘Three Cups of Tea’ in hot water Christian Bautista loses P200,000, valuables to thieves Orlando’s Howard wins record third NBA Defensive Player of the Year PBA:
0 Comments
Subscribe to:
Post Comments (Atom)
Posts
