By Reshmi Basu
New York, March 29 - The Republic of Philippines sold $200 million 18-month zero-coupon bonds (Ba2/BB) at 99.965 to yield 3.95% on Thursday, according to a market source.
HSBC Securities was the bookrunner on the Regulation S issue.
Proceeds will be used to fund the budget deficit.
Investors were from Europe and Asia.
Issuer: The Republic of Philippines
Issue: Sovereign bonds
| Amount: | $200 million
|
| Maturity: | Oct. 3, 2005
|
| Coupon: | 0%
|
| Price: | 93.965
|
| Yield: | 3.95%
|
| Bookrunner: | HSBC Securities
|
| Pricing date: | March 25
|
| Settlement: | April 1
|
| Ratings: | Moody's: Ba2
|
| S&P: 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.
