Philippines bond

Philippines achieves lowest coupon for 25-year bond

Not to be outdone, the Philippines locks in long-term funding with a $1.5 billion 25-year bond.
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP </div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP </div>
January 06, 2012

True to its usual style of being the first out the gates, the Republic of the Philippines on Thursday morning priced a $1.5 billion 25-year global, securing the lowest coupon it has achieved for a long-dated bond.

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