MANILA, Jan 19 (Reuters) - The Philippines, one of Asia's active issuers of sovereign debt, has sold $2 billion worth of 10-year U.S. dollar bonds in a deal that attracted strong investor demand, Finance Secretary Carlos Dominguez said on Friday.
The government raised $750 million of fresh capital from the bonds, which were sold at 3.0 percent and was below guidance. It also issued $1.25 billion worth of 10-year bonds in exchange for existing securities.
"The strong support that this 10-year global bond float has received in the international capital markets is a testament to the deepening investor confidence in the country's newfound status under the (Rodrigo) Duterte presidency as one of the world's fastest-growing economies," Dominguez said in a statement.
Proceeds from the bond offer will help fund the government's 3.8 trillion pesos ($74.86 billion) budget this year, the biggest ever, as Duterte boosts infrastructure spending.
Manila's borrowing plan includes a Samurai bond issue late this year and a Panda bond offering, which is awaiting approval from China's monetary authority.
(Reporting by Neil Jerome Morales; Editing by Simon Cameron-Moore)