January 06, 2011 | Cbonds
The Republic of Philippines yesterday launched its second benchmark global peso bond. The sovereign, rated Ba3/BB/BB, sold $1.25 billion worth of 25-year peso denominated bonds at par, with 6.25% coupon, according to Reuters. The bonds, payable in dollars will mature on January 14, 2036. Citigroup and HSBC coordinated the deal globally and also acted as bookrunners along with Credit Suisse, Deutsche Bank, JP Morgan and UBS. The proceeds will be used for the government’s refinancing needs and budgetary operations.
The Philippines sold its first global peso denominated bond in September 2010 (Philippines, 2021, PHP). The issue, worth 44.1bn PHP ($1 billion) was priced at 99.607% with a coupon of 4.95% to offer a yield of 5%. This was at the tight end of the marketing range of between 5% and 5.25%. The deal was arranged by Citi, Deutsche Bank, Credit Suisse, Goldman Sachs, HSBC and J.P. Morgan
|Статус||Країна ризику||Погашення (оферта)||Обсяг||Рейтинг емісії (M/S&P/F)|
|Повна назва організації||Republic of the Philippines|