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Philippines launches first sustainability Samurai bonds in Japan: DOF

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="A pedestrian walks past a display showing closing information of Tokyo" s="" Nikkei="" Stock="" Average="" in="" March="" Kimimasa="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/business/04/13/20220413-nikkei-stock-average-epa.jpg"/><figcaption>A pedestrian walks past a display showing closing information of Tokyo&#x27;s Nikkei Stock Average in Tokyo, Japan, March 4, 2022. <em>Kimimasa Mayama, EPA-EFE</em></figcaption></figure></div><p>MANILA - The Philippines has launched its first sustainable Samurai bond, or yen-denominated bonds, in Japan, The Bureau of Treasury said Wednesday.</p><p>The ¥70.1 billion (around P28.9 billion) offering is a multi-tranche 5-year, 7-year, 10-year and 20-year sustainability bonds with environmental, social and governance (ESG) standards, the BTr said in a statement. </p><p>The agency said this is the first-ever ASEAN Sustainability bond transaction issued by the country in the Samurai bond market.</p><p>&quot;Amid market volatility and rising geopolitical tensions, this landmark Samurai transaction has demonstrated the Republic’s ability to price tighter than current secondary levels and extend the maturity to the long-end of the curve,&quot; National Treasurer Rosalia De Leon said.</p><p>&quot;The upsized transaction supported by new investors from Japanese regional banks and life insurance companies highlights the Republic’s strong credit profile in the global capital markets,&quot; she added.</p><p>Meanwhile, Finance Secretary Carlos Dominguez III said the successful issuance exhibited investor appetite for Philippine financial instruments despite current market volatility. </p><p>&quot;This is testament to the international appreciation of, and confidence in, the government&#x27;s strong commitment to climate change mitigation and adaptation initiatives and to deepening its domestic sustainable finance market,&quot; Dominguez said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/26/19/premyo-bonds-offer-budget-investing-crack-at-p1-million-hotel-unit">&#x27;Premyo Bonds&#x27; offer budget investing, crack at P1 million, hotel unit</a></li>	<li><a href="https://news.abs-cbn.com/business/01/06/20/premyo-bonds-prize-pool-increased-after-nearly-p5-billion-raised">&#x27;Premyo Bonds&#x27; prize pool increased after nearly P5 billion raised</a></li>	<li><a href="https://news.abs-cbn.com/business/12/18/19/treasury-eyes-another-premyo-bonds-sale-in-2020">Treasury eyes another &#x27;Premyo Bonds&#x27; sale in 2020</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1697831" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The Philippines has launched its first sustainable Samurai bond, or yen-denominated bonds, in Japan, The Bureau of Treasury said. 