New Issue: Philippines prices €1.2 billion 0.7%, 0% bonds due 2023, 2029

By Wendy Van Sickle

Columbus, Ohio, Jan. 21 – The Republic of the Philippines priced €1.2 billion of three- and nine-year global bonds on Tuesday, according to two FWP filings with the Securities and Exchange Commission.

A €600 million tranche of 0.7% bonds due Feb. 3, 2023 priced at 99.602 to yield 0.133%.

The €600 million of 0% bonds due Feb. 3, 2029 priced at 99.549 to yield 0.752%.

UBS AG, Hong Kong Branch is the global coordinator. The joint lead managers and joint bookrunners are Citigroup Global Markets Inc., Credit Suisse Securities (Europe) Ltd., Standard Chartered Bank and UBS.

Issuer:	Republic of the Philippines
Amount:	€1.2 billion
Securities:	Global senior bonds
Joint global coordinator:	UBS AG, Hong Kong Branch
Joint bookrunners:	Citigroup Global Markets Inc., Credit Suisse Securities (Europe) Ltd., Standard Chartered Bank and UBS AG Hong Kong Branch
Trade date:	Jan. 21
Settlement date:	Feb. 3
Distribution:	SEC registered
2023 bonds
Amount:	€600 million
Maturity:	Feb. 3, 2023
Coupon:	0.7%
Price:	99.602
Yield:	0.133%
2029 bonds
Amount:	€600 million
Maturity:	Feb. 3, 2029
Coupon:	0%
Price:	99.549
Yield:	0.752%

© 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.