Philippine National Bank $140 million 10-year notes talked at 9%-9¼%

By Paul A. Harris and Reshmi Basu

New York, March 5- Price talk of 9% to 9¼% emerged Friday on Philippine National Bank's planned offering of $140 million subordinated bonds due 2014 (Ba1), a market source said.

The deal is a revised version of the 10-year notes that the bank had been marketing late last year, the source added.

JP Morgan is the bookrunner.

The notes will be non-callable for five years.

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