Filed pursuant to Rule 433
Registration Statement No. 333-192805
January 9, 2014
Final Term Sheet
| Issuer | Republic of the Philippines | |
| Issue currency | US$ | |
| Amount issued | US$1,500,000,000 | |
| Security type | Senior Unsecured Bonds | |
| Coupon | 4.20% | |
| Interest Payment dates | January 21 and July 21 | |
| Maturity date | January 21, 2024 | |
| CUSIP | 718286BY2 | |
| Public Offering Price | 100% | |
| Proceeds before expenses | US$1,499,250,000 | |
| Settlement date | January 21, 2014 | |
| Reference benchmark | 2.75% UST due November 15, 2023 | |
| Benchmark yield | 2.967% | |
| Re-offer spread over benchmark | 123.3 bps | |
| Re-offer yield | 4.20% | |
| Denominations | US$200k/1k | |
| Day count | 30/360 | |
| Joint Global Coordinators | Deutsche Bank Securities Inc., The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank | |
| Joint Lead Managers and Joint Bookrunners | ANZ Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Standard Chartered Bank |
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 ANZ toll-free at 1-800-477-9173, Citi toll-free at 1-877-858-5407, Deutsche Bank toll-free at 1-800-503-4611, Goldman toll-free at 1-866-471-2526, HSBC toll-free at 1-866-811-8049, J.P. Morgan toll-free at 1-866-846-2874, Morgan Stanley toll-free at 1-866-718-1649 or SCB toll-free at 1-800-778-2777.
The prospectus can be accessed through the following link:
http://www.sec.gov/Archives/edgar/data/1030717/000119312514006033/d634394d424b3.htm
