Three mandated for new Philippine bond deal

The Republic of the Philippines looks to some old friends to complete its annual funding requirement.

The Republic of the Philippines has mandated Citigroup, Deutsche Bank and JPMorgan to lead a proposed dollar-denominated bond expected to be worth upwards of $1 billion. However because of the overriding weakness in the markets timing and structure has not yet been determined.

In January, the Philippines raised a record breaking $2.1 billion via a split $1.5 billion 25-year tranche and a Ç500 million 10-year tranche offering led by Citigroup, Credit Suisse, Deutsche Bank and UBS. Together, this...

To continue reading, please login or register for free

Click for more on: jpmorgan | citigroup | deutsche | sovereign | debt | fixed income

Print Edition

FinanceAsia Print Edition