Bank of the Philippine Islands said Wednesday it raised $400 million from the issuance of US-dollar denominated bonds on strong demand from international investors.
The 5-year notes were priced at US Treasury spread of T+105 basis points with a coupon of 5.25 percent, representing the tightest ever spread on a 5-year bond from a non-sovereign Philippine issuer.“This allowed 35 bps of pricing compression from initial pricing guidance to final pricing, even as the issue size was increased from the original indications of $300 million, to accommodate the strong oversubscription levels,” BPI said.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: