Philippines goes long with third bond of year

21 Oct 2009

The Republic of the Philippines priced its third global bond of the year late last Friday (October 16), taking advantage of growing demand for long-term paper to fund a widening budget deficit with another swiftly-executed deal.

The $1bn bond due 2034 was announced and priced within 24 hours after drawing orders worth over $5bn, allowing Ba3/BB-/BB rated Philippines to build on its reputation for quick and smoothly-executed new issues.

The new bonds mature on October 23, 2034, and were priced at the tight end of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.