Filed Pursuant to Rule 433
Registration Statement No. 333-163671
January 6, 2010
Republic of the Philippines
Reopening of Outstanding 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$850,000,000 (brings total size of issue to US$1,850,000,000) | |
Security type | Senior Unsecured Bonds | |
Coupon | 6.375% | |
Coupon dates | October 23 and April 23 | |
Maturity date | October 23, 2034 | |
CUSIP | 718286 BG1 | |
Price to public | 96.5% (plus accrued interest from October 23, 2009) | |
Proceeds, before fees and expenses | US$820,250,000 (including accrued interest from October 23, 2009) | |
Settlement date | January 13, 2010 | |
Reference benchmark | 4.5% UST due 2039 | |
Benchmark yield | 4.707% | |
Re-offer spread over benchmark | 195.7 bps | |
Re-offer yield | 6.664% | |
Denominations | US$100k/1k | |
Day count | 30/360 | |
Joint bookrunners | Barclays Bank PLC, Deutsche Bank Securities Inc. and The Hongkong and Shanghai Banking Corporation Limited |
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 Barclays Capital toll-free at 1-888-603-5847 or Deutsche Bank toll-free at 1-800-50304611 or HSBC toll-free at 1-866-811-8049.
The prospectus can be accessed through the following link:http://www.sec.gov/Archives/edgar/data/1030717/000119312510001942/d424b3.htm
