New York, Jan. 29 - The Republic of the Philippines sold a $500 million add on to its 6.375% global bonds (B1/BB-/BB) due 2032 at 98 to yield 6.541%, or a spread of 220.5 basis points over Treasuries.
Credit Suisse and Deutsche Bank were the bookrunners for the registered deal.
The total amount of the issue is now $1.5 billion.
Credit Suisse and Deutsche Bank were bookrunners for the off-the-shelf global bond deal.
| Issuer: | Republic of the Philippines
|
| Amount: | $500 million
|
| Issue: | Global bonds
|
| Maturity: | Jan. 15, 2032
|
| Coupon: | 6.375%
|
| Price: | 98
|
| Yield: | 6.541%
|
| Spread: | 220.5 bps
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 5
|
| Bookrunners: | Credit Suisse, Deutsche Bank
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: BB-
|
| Fitch: BB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
