Bond Filipinas 4% ( PHY6972FTM23 ) in PHP

Issuer	Filipinas
Market price	100 % ⇌
Country	Philippines
ISIN code	PHY6972FTM23 ( in PHP )
Interest rate	4% per year ( payment 2 times a year)
Maturity	05/12/2022 - Bond has expired
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Minimal amount	10 000 PHP
Total amount	65 961 000 000 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. A recently matured sovereign debt instrument, identified by the ISIN code PHY6972FTM23, offers a comprehensive insight into the Republic of the Philippines' past borrowing activities on the international financial markets. Issued by the Philippine government, acting as both the issuer and the country of issuance, this bond represented a direct obligation of the sovereign state, demonstrating its capacity to raise capital through debt issuance to support public expenditures and development initiatives. The bond carried a fixed annual interest rate (coupon) of 4%, with payments scheduled semi-annually, providing investors with regular income streams throughout its tenor. The total issuance size for this specific bond amounted to PHP 65,961,000,000, indicating a significant fundraising initiative by the Philippine Treasury to bolster its financial position. Investors were able to acquire these instruments in minimum lots of PHP 10,000, ensuring broad accessibility for various investor types seeking exposure to Philippine sovereign debt. This specific bond reached its scheduled maturity date on December 5, 2022, and was subsequently repaid at 100% of its principal value, reflecting a full and timely redemption by the Philippine government, thereby fulfilling its financial commitments to bondholders and reinforcing its creditworthiness in the global financial landscape.