Philippines raises $2.75 bln from triple-tranche us dollar bond offering

MANILA, Jan 21 (Reuters) - The Philippines raised $2.75 billion from the sale of 5.5‑year, 10‑year and 25‑year U.S. dollar bonds, its largest deal in more than three years, the Bureau of the Treasury said on Wednesday.

All three tranches were priced tighter than initial guidance, with the 5.5‑year and 10‑year bonds at spreads of 50 and 80 basis points respectively over U.S. Treasuries. The 25‑year bond was set at 5.75%, around 15 basis points tighter than guidance.