Philippines first off mark with $1.5 billion deal

The Republic of the Philippines opens the Asian bond market in 2010 with a $1.5 billion tap of two existing lines.

The Republic of the Philippines has once again leaped straight out of the gates to issue Asia's first sovereign bond in 2010. The sovereign raised $1.5 billion on Wednesday through a dual-tranche SEC-registered deal that was jointly arranged by Barclays Capital, HSBC and Deutsche Bank. The 10-year tranche attracted $5.3 billion worth of demand from 215 orders, while demand for the 25-year tranche amounted to $4.6 billion split across 205 orders.

The deal was a reopening of two...

To continue reading, please login or register for free

Click for more on: bond | sovereign | tap | barclays capital | hsbc | deutsche bank

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...