BSP increases bond (again)

For the second time since it launched a $350 million deal in late October, the Philippines central back has returned to the international bond markets, increasing the original transaction to $550 million.

Jackie Horne

November 19, 2001

Taking advantage of the momentum in the credit markets and a strong retail bid, the Bangko Sentral ng Pilipinas (BSP) added another $150 million to its 9% November 2005 transaction yesterday (Monday). With JPMorgan as sole lead manager, the BB+/Ba1-rated credit priced the new line at 100.125% to yield 8.96% or 480bp over Treasuries.

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