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.

Also looming in the background is the prospect of a challenging $200 million high yield deal for troubled electricity utility Meralco. The CC-rated group had initially been hoping to launch a deal...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222