January 07, 2010 |
|Manila, Metro Manila, Philippines (AHN) - Foreign investors purchased on Wednesday $1.5 billion global bonds offered by the Philippine government. It was Asia's first international bond offer for 2010.|
The 6.5 percent global bonds are due in January 2020 and the 6.375 percent in October 2034. The 6.5 percent bonds sold $650 million and the 6.375 percent $850 million.
Philippine Finance Secretary Margarito Teves said the strong interest generated by the global bond issues reflects the continued confidence of foreign investors in Philippine debt papers.
The amount raised by the bond sale would help finance infrastructure and reconstruction of the country in the aftermath of two devastating typhoons that battered the Philippines last year.
About 23 percent of buyers of the 2020 debt paper are from the Philippines, 25 percent from other Asian nations, 35 percent from the U.S. and 17 percent from Europe.
Moody's Investors Service gave the bond offer a rating of Ba3 with a stable outlook, while Standard & Poor's gave it a BB- senior unsecured debt rating. The bond offer was handled by Barclays Capital, HSBC and the Deutsche Bank.
Emissione: Philippines, 6.5% 20jan2020, USD
|Status||Paese||Estinzione (offerta)||Volume||Rating dell'emissione (M/S&P/F)|
|Nome completo della società||Republic of the Philippines|
|Paese di registrazione||Philippines|