Manila Electric powers up US dollar debut
Manila Electric Co. has hired Citigroup as sole bookrunner for the Philippine utility’s first US dollar denominated bond, according to two rival bankers and three investors away from the transaction.
The issuer is mulling a Reg S deal and will be meeting investors in Singapore from September 3 and Hong Kong on September 4, according to two investors who will be examining the credit.
Another investor said that although the issuer has not publicised deal specifics yet, it could
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