Republic of the Philippines
Reopening of Outstanding US$1.5 billion 7.75% Global Bonds due 2031
Final Term Sheet
| Issuer | Republic of the Philippines | |||
| Issue currency | US$ | |||
| Amount issued | US$450,000,000 (brings total size of issue to US$1,950,000,000) | |||
| Security type | Senior Unsecured Bonds | |||
| Coupon | 7.75% | |||
| Coupon dates | January 14 and July 14 | |||
| Maturity date | January 14, 2031 | |||
| CUSIP | 718286BB2 | |||
| Price to public | 99.25% (plus accrued interest from July 14, 2006) | |||
| Proceeds, before fees and expenses | US$446,625,000 (plus accrued interest from July 14, 2006) | |||
| Settlement date | August 1, 2006 | |||
| Reference benchmark | 5.375% UST due February 15, 2031 | |||
| Benchmark yield | 5.195% | |||
| Re-offer spread over benchmark | 262.4 | |||
| Re-offer yield | 7.819% | |||
| Denominations | US$100k/1k | |||
| Day count | 30/360 | |||
| Joint Bookrunners | Citigroup, Deutsche Bank, J.P. Morgan |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling collect at 1-212-834-4307.
The prospectus can be accessed through the following link:
http://www.sec.gov/Archives/edgar/data/1030717/000119312506151856/d424b3.htm
