Philippines to price dollar-denominated global bonds in two series

By Rebecca Melvin

Concord, N.H., June 28 – Republic of the Philippines is offering two tranches of dollar-denominated global bonds (expected rating: BBB+), according to a 424B3 filing with the Securities and Exchange Commission.

Joint global coordinators, joint lead managers and joint bookrunners are Bank of China Ltd., Deutsche Bank AG London Branch, Goldman Sachs (Asia) LLC, Morgan Stanley & Co. LLC, MUFG Securities Asia Ltd., Standard Chartered Bank and UBS AG Hong Kong Branch.

The offering is conditional on approval from the Monetary Board of the Bangko Sentral ng Pilipinas.

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

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