Category : International
 The Asian Development Bank (ADB) has raised 5.2204 billion Philippine pesos ($100 million) from a new issue of local currency bonds in the international market. Currency-linked bonds are denominated in the local currency but settled in US dollars. The bonds pay a fixed interest rate of 5.25% and have a final maturity of 4 years. ADB issued bonds in the Philippine domestic capital market in 2005 and 2007 but this issue is the first time it has mobilized Philippine peso funding from international investors through a currency-linked structure. |
| Source- ADB |
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