The Philippines’ ministry of finance has mandated Bank of China and Standard Chartered for its upcoming Panda bond, two sources have told GlobalCapital Asia’s sister publication GlobalRMB.
The southeast Asian sovereign plans to raise around $200m in the coming months, according to local media reports quoting Rosalia De Leon, treasurer for the Philippines’ ministry of finance. Both three and five year tranches have been mooted, but the bookrunners of the deal had not previously been revealed.
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