Philippines to price euro-denominated bonds in three tranches

By Rebecca Melvin

Concord, N.H., April 19 – Republic of the Philippines is offering three tranches of global bonds denominated in euros, according to a 424B3 filed with the Securities and Exchange Commission.

The bonds are non-callable.

Joint lead managers and joint bookrunners are BNP Paribas, Credit Suisse, Goldman Sachs, J.P. Morgan, Nomura and Standard Chartered Bank.

Proceeds will be used for general purposes, including budgetary support.

The republic plans to apply for listing on the Luxembourg Stock Exchange and trading on the Euro MTF Market.

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