Philippines sets talk for dollar bonds due 2042 at 3.95% area

By Christine Van Dusen

Atlanta, Jan. 18 – Philippines set talk in the 3.95% area for a dollar-denominated offering of notes due in 25 years, according to a market source and an announcement from the sovereign.

Citigroup, Credit Suisse, Deutsche Bank, Standard Chartered and UBS are the bookrunners for the Securities and Exchange Commission-registered deal.

The proceeds will be used to finance the budget and repay debt.

The deal is expected to settle on Feb. 2.

© 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.