Gov't mandates banks for global bond sale –sources

Posted at | Updated as of 03/18/11 1:33 AM

MANILA, Philippines - The government has mandated 6 banks to manage its first global bond sale this year of up to $1.5 billion, sources from banks and the government said on Thursday.

The banks were Goldman Sachs, HSBC, Deutsche Bank, Citigroup, JP Morgan and UBS, one of the two government sources said. The source added there was no date set yet for the launch of the global bond with possible maturity of 15 or 25 years.

Two banking sources also said the 6 banks bagged the mandate.