Philippines mandates as Metrobank prices

The Republic of the Philippines mandates three banks for a $500 million offering as the country''s first public subordinated debt issue is priced.
November 13, 2002

After requesting that banks submit ideas for a new dollar bond, the Department of Treasury mandated three houses yesterday (Wednesday) for a $500 million 10-year deal. HSBC, Salomon Smith Barney and UBS Warburg won the books for an offering, which may launch as soon as today.

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