AGP Executive Report
Last update: 11 hours agoPhilippines External Debt: The Marcos administration raised $2.5B in a triple-tranche USD bond sale after demand hit 4.4x, pricing 5.5-year notes at 4.699%, 10-year at 5.355% and 25-year at 5.850%, signaling investor confidence as the US-Iran peace deal narrative cools risk. Corporate Bonds (Philippines): A Brown Company got SEC clearance for a multiyear shelf program up to P12B, with an initial P5B offer (P3B base plus up to P2B oversubscription) to fund renewables, housing and corporate needs. Banking (Qatar): Qatar’s banking assets rose to QR2.206T in April; deposits grew faster than loans, easing the loans-to-deposits ratio to 133% (still well below the 100% limit under QCB rules). FX (Nigeria): The naira weakened to N1,361.5/$ as official FX turnover plunged 57% to $54.29M, with fewer deals completed. Markets & Rates (Asia): Asian shares rallied on the US-Iran interim deal, while investors stayed focused on a hawkish Fed tone under new chair Kevin Warsh. Oil Outlook (IEA): The IEA warned of a potential 2027 supply surplus as Gulf routes reopen, with excess supply around 5 mb/d. Crypto & Regulation (India/US): India’s FIU asked major exchanges for details on large OTC crypto deals over $10,000; in the US, a judge refused to dismiss a campaign-finance case tied to an FTX-linked plea. Prediction Markets (US): Kentucky AG Russell Coleman sued Polymarket and Kalshi over alleged unlicensed sports gambling, deepening the state-vs-platform legal fight. Banking Crime Controls (Ireland): Ireland plans new guidance to help charities avoid accidentally financing terrorists, alongside tighter info-sharing and tech readiness.
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