The Philippines’ bond market grew marginally in the fourth quarter of last year, with a total of P4.752 trillion in government securities and corporate bonds issued between October and December, latest data from the Asian Development Bank (ADB) showed.
The ADB’s latest Asia Bond Monitor released Thursday showed the combined amount of bonds issued by the government and companies during the fourth quarter inched up by 0.6 percent quarter-on-quarter and 1.9 percent year-on-year.
The outstanding fixed-income securities sold by the government and state-run corporations during the October to December period reached P3.946 trillion, up 0.2 percent quarter-on-quarter and 1.3 percent year-on-year.
The amount of outstanding corporate bonds, meanwhile, grew at a faster pace of 2.8 percent quarter-on-quarter and 5 percent year-on-year to P806 billion.
During the fourth quarter, a total of P29 billion in bonds were issued by corporations, of which 83 percent were sold by real estate firms.