Philippines global bond priced

The Republic increases issue size to $750 million following strong demand.

Jackie Horne

July 08, 2003

The Republic of the Philippines entered the international bond markets on behalf of Napocor last night (Tuesday) with an increased $750 million bond issue. The deal appeared to enjoy one of the most straightforward executions of a sovereign bond in recent months, with the government's smooth passage to market providing a striking contrast to the travails of its electricity utility just one week ago.

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