Philippines expected to launch $800 million to $1 billion debt offering in September

By Paul A. Harris

St. Louis, Aug. 15 - The Republic of the Philippines is expected to begin a roadshow in September for a sovereign issue of between $800 million and $1 billion, market sources told Prospect News on Monday.

No further details about the bonds are available, nor have the syndicate banks been designated, one source said.

Moody's Investors Service assigns the Philippines its B1 sovereign rating. Both Standard & Poor's and Fitch rate the Philippines sovereign at BB-.

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