• * $1b 10Y Fixed (May 14, 2034) at +80
    ** Guidance +80#, IPT +120 area
    ** Coupon: Semi-annual, 30/360
    ** UOP: General budget financing
  • * $1b 25Y Sust. Fixed (May 14, 2049) to Yield 5.6%
    ** Guidance 5.6%#, IPT 6.05% area
    ** Coupon: Semi-annual, 30/360
    ** Format: Sustainability bond
    ** UOP: General budget financing and to finance/refinance assets in line with the Republic’s sustainable finance framework
  • Issuer: Republic of the Philippines (PHILIP)
  • Issuer Ratings: Baa2/BBB+/BBB
  • Exp. Ratings: Baa2/BBB+/BBB
  • Format: SEC registered, senior unsecured, issued off SEC shelf
  • Settlement: May 14, 2024 (T+5)