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Philippines to price Philippine peso-denominated notes via nine banks
By Christine Van Dusen
Atlanta, Nov. 8 - The Republic of the Philippines is planning to price a Philippine peso-denominated offering of notes (Ba1/BB+/BB+), payable in dollars, according to a filing with the Securities and Exchange Commission.
Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, Standard Chartered and UBS are the bookrunners for the deal.
The proceeds will be used for general governmental purposes and to pay the purchase price and accrued interest for the bonds it purchases as part of a tender offer.
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