The Philippines eyes Samurai bond after dollar success

11 Jan 2010

The Republic of the Philippines has picked three banks to arrange its first sale of yen-denominated bonds in over eight years as emerging market sovereigns look to take advantage of a guarantee from the Japanese government.

The Philippines is hoping to add to the $1.5bn it raised in the global bond market last week and has picked Daiwa, Mitsubishi UFJ and Nomura to manage a deal that will be guaranteed by the Japan Bank for International Cooperation, according to a fund manager.

It chose ...

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