UBS was the sole bookrunner on the deal, which was issued via MegaworldÆs SPV -Megaworld Cayman Islands
Initially announced in May, the deal was delayed when the markets turned sour. Indeed the high-yield market has been all but closed since May, leaving a number of deals sitting on the sideline awaiting an opportunity to come to market. That long-awaited issuance window looks to have materialised after the Philippines's $750...
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