Philippines releases price guidance for 10 year sovereign
The Republic of the Philippines is set to sell a new 10 year sovereign benchmark in New York hours on Wednesday, after releasing price guidance for the deal this morning.
The Philippines is offering bonds due June 2019 at a yield of 8.5%-8.75%, a small discount to existing notes due January 2019, which were quoted at 8.38%. Credit Suisse, Deutsche Bank and HSBC are lead managing the debt sale.
The Philippines has not specified the size of the
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