Asia’s best deals of 2009: sovereign bond
The international bond market was in panic mode at the start of the year, but one deal stood out for raising the confidence of other Asian borrowers. Asiamoney unveils its choice for the best sovereign bond deal of 2009.
BEST SOVEREIGN BOND
Republic of the Philippines US$1.5 billion 8.375% bonds due 2019
Bookrunners: Credit Suisse; Deutsche Bank; HSBC
Hard as it may now be to recall, in the beginning of 2009 the world’s international bond market was in full panic mode.
Amid soaring expectations of multiple bank defaulters, credit
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