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Philippines raises $861 mln from sale of Samurai bonds - IFR

Published 08/02/2019, 04:35 PM
Updated 08/02/2019, 04:40 PM
Philippines raises $861 mln from sale of Samurai bonds - IFR

MANILA, Aug 2 (Reuters) - The Philippines has raised 92
billion yen ($861 million) from the sale of Samurai bonds,
according to IFR, Refinitiv's capital markets news service, in
an offer that attracted strong demand.
The sale consisted of 30.4 billion yen worth of three-year
Samurai bonds with a 0.18% coupon, 21 billion yen worth of
five-year bonds with a 0.28% coupon, 17.9 billion yen worth of
seven-year bonds with a 0.43% coupon and 22.7 billion yen worth
of 10-year bonds with a 0.59% coupon.
The spreads were 23 basis points, 33 basis points, 45 basis
points and 53 basis points over the respective yen offer-side
swaps, IFR said, with orders reaching about 130 billion yen.
Daiwa, Mitsubishi UFJ, Morgan Stanley, Mizuho, Nomura and
SMBC Nikko are joint lead managers on the deal.
One of Asia's most active issuers of sovereign debt, the
Philippines sold $1.38 billion worth of yen-denominated bonds in
August last year, the first such issue in eight years.
Following that successful issue, Philippine Finance
Secretary Carlos Dominguez had said that he would like his
country to issue yen-denominated bonds every two years.


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