Philippines beats Indonesia with $1.5 billion bond sale

The Republic of the Philippines early yesterday morning priced a deftly executed $1.5 billion 15-year bond, getting its timing right.

In a deal that further burnishes its reputation as an issuer with astute timing, the Republic of the Philippines (ROP) closed its dollar bond early Tuesday morning, ahead of Indonesia’s expected deal.

¬ Haymarket Media Limited. All rights reserved.

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