Union Bank of Philippines completes debut bond

A rare international fixed rate deal from the Philippines banking sector.

Jackie.Horne

September 16, 2004

Union Bank of the Philippines completed its debut international bond yesterday (September 16), bringing a $125 million transaction to market via Credit Suisse First Boston and UBS. The three-year Reg S issue was downsized from $150 million after a sluggish bookbuilding period, dominated by spread widening cross the whole Philippines curve.

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