Investor enthusiasm helps BPI debut at $600m

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By Morgan Davis
29 Aug 2018

Bank of the Philippine Islands (BPI) made its first jump into the bond market on Tuesday, taking home a larger-than-expected $600m after investors embraced the rare Philippine issuance.

BPI chose the right moment to debut offshore, venturing out as the summer lull ends and the volatility that has plagued issuers for weeks settles.  

“Summer is over and investors are back,” said a syndicate head on the transaction. “What ultimately helped BPI achieve the pricing ...

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