Philippines credits fight for centre stage

In the midst of jumbo deals for China and Singapore Power, the Philippines sovereign and a host of new corporate names line up to raise funds.

The Philippines credit universe is undergoing a wave of expansion as a host of new names seek to take advantage of low absolute rates while they can. Following the successful debut of a $150 million deal for Banco de Oro last week, Filinvest Land has begun roadshows for a maiden $100 million issue via JPMorgan and ABS-CBN is preparing to launch presentations late next week for a $150 million deal via Credit Suisse First Boston and Bear Stearns....

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