The deal, managed by Credit Suisse and Deutsche Bank, priced 9bp back in yield terms from the existing 2032 bonds, closing ôwith the least discount possibleö, according to an investor who participated in the transaction. ôAs usual, the Philippines are masters in timing,ö he continued.
The bonds came at a yield of 6.54%, and a cash price of 98.
The trade - a tap of the PhilippinesÆ existing 2032 bonds - priced just ahead of the Federal...
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