Filed Pursuant to Rule 433
Registration Statement No. 333-155481
October 16, 2009
Republic of the Philippines
US$1,000,000,000 6.375% Global Bonds due 2034
Final Term Sheet
Issuer | Republic of the Philippines | |
Issue currency | US$ | |
Amount issued | US$ 1,000,000,000 | |
Security type | Senior Unsecured Bonds | |
Coupon | 6.375% | |
Coupon dates | 23 October and 23 April | |
Maturity date | 23 October 2034 | |
CUSIP | 718286 BG1 | |
Price to public | 99.382% | |
Proceeds, before fees and expenses | US$ 993,820,000 | |
Settlement date | 23 October 2009 | |
Reference benchmark | UST 4.5% due May 2039 | |
Benchmark yield | 4.260% | |
Re-offer spread over benchmark | 216.5 bps | |
Re-offer yield | 6.425% | |
Denominations | US$100k/1k | |
Day count | 30/360 | |
Joint Bookrunners | Deutsche Bank Securities Inc., The Hongkong and Shanghai Banking Corporation Limited, UBS AG |
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 atwww.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling Deutsche Bank toll-free at 1-800-50304611 or HSBC toll-free at 1-866-811-8049 or UBS toll-free at 1-877-827-6444 ext. 561-3884.
The prospectus can be accessed through the following link:
http://www.sec.gov/Archives/edgar/data/1030717/000119312509208364/d424b3.htm.
