Philippines mandates euro-denominated bond

Despite past difficulties issuing in the currency, the Republic appears determined to try again so that it can on-lend proceeds to Napocor.

Deutsche Bank, Salomon Smith Barney and UBS Warburg have been mandated to lead manage what is expected to be an Eu250 million ($224 million) five-year offering, with roadshows tentatively scheduled to begin during the last week of November.

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