Linklaters advises Republic of the Philippines on its largest bond offering

Linklaters successfully advised the Republic of the Philippines (ROP) on its largest bond offering consisting of US$750m 1.95% global bonds due 2032 and US$2.25bn 3.2% global bonds due 2046. This offering includes the largest 25-year note the ROP has issued.

Earlier this year, Linklaters also advised the ROP on its issuance of €650m 0.25% global bonds due 2025, €650m 1.2% global bonds due 2033 and €800m 1.75% global bonds due 2041.

The Linklaters team was led by capital markets partner Amit Singh and supported by counsel Christian Felton and Xunming Lim, and US senior associate Jairo Carvalho Lamatina.

The firm has been the international counsel to the ROP on 11 out of 13 of its past SEC-registered bond offerings and all six of its liability management transactions since 2012. 

Head of South and Southeast Capital Markets, Amit Singh, shared:

“We are honoured to have been a long-term partner of the Republic of the Philippines and truly grateful for the confidence the government had placed in us over the past nine years. Our team looks forwarding to continuing to support the Republic of the Philippines in its future transactions.”

Linklaters has long-standing experience advising on sovereign bond issuances in the region. Earlier this year, the firm also advised the Government of Malaysia on the issuance of its US$1.3bn dual tranche sukuk offering, the world’s first sovereign sustainability sukuk, as well as the establishment of Maldives Sukuk Issuance Limited's US$1bn trust certificate issuance programme and the subsequent US$200m 5-year sukuk issuance, which was the Maldives’ debut sovereign sukuk in the Islamic finance market.