republic of the philippines

The Southeast Asian country is the first sovereign to sell a dollar bond this year, swapping its old notes with new ones as Treasury yields drop to a 1.5-year low.

The sovereign returns to the global peso market after an absence of nearly two years, as it seeks to reduce dollar debt.

Not to be outdone, the Philippines locks in long-term funding with a $1.5 billion 25-year bond.

The ROP offers a chance to cash out with its bond buyback, but will investors let go of their high-yielding bonds?

The Republic of the Philippines early yesterday morning priced a deftly executed $1.5 billion 15-year bond, getting its timing right.

Hyva Global’s $375 million high-yield bond shines in secondary trading and is followed quickly by Development Bank of the Philippines’ $300 million bond.

The Republic of the Philippines yesterday sent an RFP for a potential dollar bond, setting up a race with Indonesia to see who can tap the market first.

Asian debt markets are off to a brisk start in January with the Philippine sovereign and Stats ChipPac launching deals yesterday and several Chinese high-yield issuers lining up to tap investors.

Republic of the Philippines demonstrates its position as one of Asia’s most sophisticated borrowers with a peso-denominated 10-year issue targeted at international investors.