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Philippines’ 8990 begins offering of 5¼-, seven- and 10-year bonds
By Marisa Wong
Madison, Wis., June 30 – 8990 Holdings, Inc. is offering PHP 5 billion of 6.208% series A bonds due Oct. 16, 2020, 6.131% series B bonds due July 16, 2022 and 6.8666% series C bonds due July 16, 2025, according to a notice.
The offering includes an oversubscription option for PHP 4 billion of additional bonds.
The offer period for the 5¼-, seven- and 10-year bonds began on June 26 and will run to July 9.
BDO Capital, China Bank, First Metro Investment Corp. and SB Capital are the joint lead underwriters and joint bookrunners. BDO Capital, First Metro and SB Capital are also the joint issue managers.
8990 is a property developer based in Makati City, Philippines.
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