Filed Pursuant to Rule 433
Registration Statement No. 333-171038
October 11, 2011
Republic of the Philippines
Reopening of Outstanding US$2,796,807,000 6.375% Global Bonds due 2034
Final Term Sheet
Issuer | Republic of the Philippines | |
Issue currency | US$ | |
Amount issued | US$50,000,000 (brings total size of the issue to US$2,846,807,000) | |
Security type | Senior Unsecured Bonds | |
Coupon | 6.375% per annum | |
Coupon dates | April 23 and October 23 | |
Maturity date | October 23, 2034 | |
CUSIP | 718286 BG1 | |
Price to public | 117.5% (plus accrued interest from October 23, 2011) | |
Proceeds before expenses | US$58,735,000 (plus accrued interest from October 23, 2011) | |
Settlement date | October 24, 2011 | |
Reference benchmark | 4.375% UST due May 15, 2041 | |
Benchmark yield | 3.041% | |
Re-offer spread over benchmark | 203.6 bps | |
Re-offer yield | 5.077% | |
Denominations | US$100k/1k | |
Day count | 30/360 | |
Joint Global Coordinators | Citigroup Global Markets Inc. and J.P. Morgan Securities LLC | |
Joint Lead Managers and Joint Bookrunners | Citigroup Global Markets Inc., Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, Standard Chartered Bank and UBS AG, Hong Kong Branch | |
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 Citi toll-free at 1-877-858-5407 or Goldman toll-free at 1-866-471-2526 or HSBC toll-free at 1-866-811-8049 or J.P. Morgan toll-free at 1-866-846-2874 or SCB toll-free at 1-800-778-2777 or UBS AG 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/1030717/000119312511267580/d240839d424b3.htm
