New Issue: Philippines sells PHP 54.77 billion notes due 2036 at par to yield 6¼%

By Christine Van Dusen

Atlanta, Jan. 5 - The Republic of the Philippines priced PHP 54.77 billion bonds due Jan. 14, 2036 (/BB/BB) at par to yield 6¼%, according to a government filing.

Citigroup, HSBC, Credit Suisse, Deutsche Bank, JPMorgan and UBS were the bookrunners for the Securities and Exchange Commission-registered deal.

Interest and principal will be payable in U.S. dollars.

Proceeds will be used for general budgetary purposes.

Issuer:	The Republic of the Philippines
Amount:	PHP 54.77 billion, payable in U.S. dollars
Maturity:	Jan. 14, 2036
Description:	Senior bonds
Bookrunners:	Citigroup, HSBC, Credit Suisse, Deutsche Bank, JPMorgan, UBS
Coupon:	6¼%, payable in U.S. dollars
Price:	Par
Yield:	6¼%
Trade date:	Jan. 5
Settlement date:	Jan. 14
Ratings:	Standard & Poor's: BB
	Fitch: BB
Distribution:	Securities and Exchange Commission-registered

© 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.