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Philippines sets guidance for up to ¥100 billion notes at mid-swaps plus 85-90 bps
By Paul A. Harris
St. Louis, Feb. 17 - Republic of the Philippines set guidance for up to ¥100 billion of samurai bonds at a spread to mid-swaps in the range of 85 basis points to 90 bps, according to a market source.
The maturity for the offering was not immediately available.
Daiwa Securities Capital Markets, Mitsubishi UFJ Securities and Nomura Securities Co. are leading the offering.
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