| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 500.000 | 5.5 | Jul-28 | Sr. Unsecured | Baa2 | BBB+ | BBB | Fixed | Tsy | T+155 a | T+105 | 105 | 4.63% | - | 99.43500 |
| USD | 1,250.000 | 10.5 | Jul-33 | Sr. Unsecured | Baa2 | BBB+ | BBB | Fixed | Tsy | T+195 a | T+145 | 145 | 5.00% | - | 99.99200 |
| USD | 1,250.000 | 25 | Jan-48 | Sr. Unsecured | Baa2 | BBB+ | BBB | Fixed | Tsy | 5.95% a | 5.50% | 180.2 | 5.50% | - | 100.00000 |
Tranche Comments
5.5 yr: Registration: Registered; Comments: USD500m 5.5yr 4.625% cpn at 99.435, yld 4.763 part of SEC 3-tranche. Baa2/BBB+/BBB. BofA/DB/GS/HSBC(B&D)/MS/StCh/UBS. IPG 5.50yr T+155 area. FPG T+105#. launch 5.5yr US$500m at CT5+105 bps. Distribution: EMEA 34%, Asia 32%, US 30%, Phils 4%. FM 65%, CB/SWF/Ins/PF 17%, Bks/FI 17%, Corp/PB 1% LEI: 529900RAHBALMYIJ3T08;
10.5 yr: Registration: Registered; Comments: USD1.25bn 10.5yr 5.00% cpn at 99.9920, yld 5.001% part of SEC 3-tranche. Baa2/BBB+/BBB. BofA/DB/GS/HSBC(B&D)/MS/StCh/UBS. IPG 10.50yr T+195 area. FPG T+145#. launch 10.5yr US$1.25bn at CT10+145 bps. Distribution: US 46%, Asia 28%, EMEA 21%, Phils 5%. FM 67%, Bks/FI 16%, CB/SWF/Ins/PF 15%, Corp/PB 2% LEI: 529900RAHBALMYIJ3T08;
25 yr: Registration: Registered; Comments: USD1.25bn 25yr 5.50% cpn at 100.00, yld 5.50% part of SEC 3-tranche. Baa2/BBB+/BBB. BofA/DB/GS/HSBC(B&D)/MS/StCh/UBS. IPG 25yr sustainable Yld 5.95% area. FPG 5.5#. launch 25yr US$1.25bn at yld 5.5% Distribution: US 48%, Asia 28%, EMEA 22%, Phils 2%. FM 65%, CB/SWF/Ins/PF 22%, Bks/FI 12%, Corp/PB 1%. LEI: 529900RAHBALMYIJ3T08;
Deal Comments
Sustainability Bond (25yr)
Use of Proceeds
General budget financing (5.5yr, 10.5yr); Finance assets in line with the Philippines' sustainable finance framework (25yr)