• The Philippine bond market’s growth slowed in the second quarter versus the previous three-month period, the Asian Development Bank (ADB) said on Monday.
  • Outstanding local currency (LCY) bonds grew by 1.3% quarter-on-quarter to P11.7 trillion or $207 billion in the April-to-June period, slower than the 3.1% expansion seen in the first quarter, the ADB’s Asia Bond Monitor report for September 2023 showed.
  • Treasury and other government bonds grew by 2.3% quarter-on-quarter to $175 billion, accounting for 82.4% of the Philippines’ total outstanding debt stock, as issuances exceeded maturities. This was slower than the 3.4% growth seen in the first quarter.