PH marks strong return to samurai market with over ¥150B offers
Philippine bonds are a big hit in Tokyo.
The Philippine government returned to the samurai market as it issued new yen-denominated bonds after eight years.
In a statement, the Bureau of the Treasury announced that they have isused 154.2 billion yen worth of bonds to Japanese investors on Wednesday, Aug. 8.
The government has offered 107.2 billion yen worth notes under a three-year term, carrying a 0.38 percent coupon.
Under the five-year tenor, 6.2 billion yen is being offered with a 0.54 percent coupon rate. Some 40.8 billion yen is also offered for a 10-year term at a 0.99 percent coupon.
The bonds will be settled on Aug. 15, which comes months after the economic team made their pitch in Tokyo during an economic briefing and road show in June.
Absence does make the heart grow fonder.