Investors evaluate Philippines' $1.5 billion bond buyback

The ROP offers a chance to cash out with its bond buyback, but will investors let go of their high-yielding bonds?

Investors evaluate Philippines' $1.5 billion bond buyback

The Republic of the Philippines ROP on Monday offered to buy back $1.5 billion worth of US dollar and euro global bonds for cash. Citigroup and J.P. Morgan are joint global coordinators and dealer managers. Goldman Sachs, HSBC, Standard Chartered Bank and UBS are joint dealer managers.

The Philippines aims to buy close to 10% of its outstanding $17.7 billion worth of bonds and has told investors the minimum clearing prices for the bonds,...

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