The Phillipines build huge book for dollar deal

After three months of relative scarcity, the Republic of Philippines closes a hugely succesful new tap with one of the largest order books ever seen in Asia.

The Republic of the Philippines brought its long awaited dollar-denominated debt deal to market late last night July 25 when it priced a dual tranche $750 million offering via joint bookrunners Citibank, Deutsche Bank and JPMorgan.

The new deal is a tap of the RepublicÆs earlier dual tranche deal that consisted of a 10-year and a 25-year offering.

The 10-year tranche is a $300 million offering that prices off of the 8% coupon but is priced at 103.125 to...

To continue reading, please login or register for free

Click for more on: citigroup | deutsche | jpmorgan

Print Edition

FinanceAsia Print Edition