8 months PH bond market grew 17% in Q2 – ADB PH bond market grew 17% in Q2 – ADB
The Philippine bond market was the second fastest-growing among Emerging East Asia’s local currency bond markets, the Asian Development Bank (ADB) said. In its latest Asia Bond Monitor released on Wednesday, ADB said the country’s local currency bond market grew by 16.8 percent to P6.7 billion ($131 billion) in the second quarter of the year from P5.7 billion ($108 billion) in the same quarter in 2018. The amount was also higher by 1.8 percent from the P6.5 billion ($125 billion) in the first quarter in 2019.
“The growth was driven by both the government and corporate segments which ... more