By Reshmi Basu and Paul A. Harris
St. Louis, July 27 - The Republic of Philippines reopened its bonds due 2010 (Ba2/BB/BB) to price a €350 million add on at 103.25 to yield 8.349%, according to a market source.
The deal was upsized to €350 million from a planned €200 million.
Deutsche Bank Securities and Credit Suisse First Boston ran the books.
| Issuer: | Republic of Philippines
|
| Amount: | €350 million (increased from €200 million)
|
| Issue: | Add-on to 9 1/8% bonds due 2010
|
| Maturity: | Feb. 22, 2010
|
| Coupon: | 9 1/8%
|
| Price: | 103.25
|
| Yield: | 8.349%
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 3
|
| Bookrunners: | Deutsche Bank Securities, Credit Suisse First Boston
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB
|
| Fitch: BB
|
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