Bond Filipinas 5.875% ( PHY6972FNG19 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PHY6972FNG19 ( in PHP )
Interest rate	5.875% per year ( payment 1 time a year)
Maturity	19/08/2015 - Bond has expired
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Minimal amount	5 000 PHP
Total amount	27 012 640 000 PHP
Detailed description	The Philippines is a Southeast Asian archipelago comprising over 7,000 islands, known for its diverse culture, vibrant history, stunning beaches, and rich biodiversity. This financial article details a specific fixed-income instrument, identified by its ISIN code PHY6972FNG19, which was a sovereign bond issued by the Republic of the Philippines, an active participant in the global debt markets and a prominent emerging economy in Southeast Asia characterized by its robust services sector, significant remittances, and strategic economic development initiatives. This obligation, issued from its domestic market within the Philippines, was denominated in Philippine Pesos (PHP) and featured a fixed annual interest rate of 5.875%, reflecting the borrowing costs for the sovereign at the time of its issuance. The bond was observed trading at 100% of its par value on the market, indicating its price stability prior to redemption. With a substantial total issuance size of PHP 27,012,640,000, this instrument represented a significant component of the Philippine government's funding strategy, structured with a minimum purchase size of PHP 5,000 to appeal to a broad range of investors. Crucially, this particular bond reached its scheduled maturity date on August 19, 2015, and was subsequently fully repaid, confirming the issuer's commitment to its financial obligations and ensuring the return of principal to bondholders.