Citi, Deutsche & UBS win Philippine dollar bond mandate

Trio to launch first international bond since May.

The Republic of the Philippines has mandated Citigroup, Deutsche Bank and UBS to lead a proposed $1 billion - plus bond deal. The deal is expected to be a ten-year transaction.

The Philippines needs $850 million to complete its funding requirements for the year. The remaining portion is to be used as pre-funding for the 2006 budget.

The Philippines, Asia's largest seller of overseas debt, has not issued bonds since May following...

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