Thursday, November 26, 2020
Home WOLRD South Asia Philippines: A diamond in the sovereign issuance space | philippines, citigroup, credit...

Philippines: A diamond in the sovereign issuance space | philippines, citigroup, credit suisse, goldman sachs, morgan stanley, standard chartered, ubs, blackrock, rosalia de leon | FinanceAsia

In the wake of the sale of the largest-ever bond from the Republic of Indonesia, regular issuance running mate, the Republic of the Philippines, was not to be outdone.

At the end of April, it sold a $2.35 billion double-tranche 10-year and 25-year bond which was snapped up particularly by US investors who were hungry for the yield from emerging sovereign paper.

Books that hit more than $9 billion allowed pricing to come in dramatically for joint bookrunners Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, Standard Chartered and UBS.

That demand also meant that the traditional new issue premium for the deal…

¬ Haymarket Media Limited. All rights reserved.


Please enter your comment!
Please enter your name here

Most Popular

HSE Interview Questions & Answers

What is Safety? The condition of being protected from or unlikely to cause danger, risk, or injury is Called Safety. What is the accident? It is an...

Putham Pudhu Kaalai trailer: Five Tamil filmmakers bring five stories of love in the time of Covid-19

The trailer of Amazon Prime’s upcoming Tamil film Putham Pudhu Kaalai was unveiled on Monday by filmmaker Mani Ratnam and composer A.R Rahman. Tamil...

Samsung Galaxy S20 FE Set to Launch in India Tomorrow

Samsung Galaxy S20 FE is set to launch in India on Tuesday, October 6, the company confirmed to Gadgets 360. The phone debuted globally...