New Issue: Philippines prices $1.5 billion 5% notes due 2037 to yield Treasuries plus 196.2 bps

By Christine Van Dusen

Atlanta, Jan. 4 - The Republic of the Philippines priced $1.5 billion of notes due Jan. 13, 2037 at par to yield 5%, or Treasuries plus 196.2 basis points, according to a company filing.

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

Proceeds will be used for general budgetary purposes.

Issuer:	Republic of the Philippines
Amount:	$1.5 billion
Maturity:	Jan. 13, 2037
Description:	Senior bonds
Bookrunners:	Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Standard Chartered Bank, UBS
Coupon:	5%
Price:	Par
Yield:	5%
Spread:	Treasuries plus 196.2 bps
Trade date:	Jan. 4
Settlement date:	Jan. 13
Distribution:	Securities and Exchange Commission registered

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