Philippines raises 92-billion yen from Samurai bonds


Posted at Aug 02 2019 03:37 PM

TOKYO -- The Philippines raised 92 billion yen (P44 billion) from a four-tranche Samurai bond bond sale, officials said Friday.

The offering consisted of a 30.4-billion yen, 0.18 percent, 3-year tranche; a 21-billion yen, 0.28-percent, 5-year; a 17.9-billion yen, 0.43 percent, 7-year; and a 22.7-billion yen, 0.59 percent, 10-year.

The deal size was smaller than the 154.2 billion yen that Manila issued a year ago, but the coupons were lower and the spreads were tighter.

Daiwa, Mitsubishi UFJ Morgan Stanley, Mizuho, Nomura and SMBC Nikko were joint lead managers on the deal.

-- with ABS-CBN News