14-Dec-20
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in
which such distribution would be unlawful.
Republic of the Philippines
Post-stabilisation Period Announcement
Further to the pre-stabilisation period announcement dated 02/12/20201 Deutsche Bank AG (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)2 was undertaken by the Stabilisation Manager(s)3 named below in relation to the offer of the following securities.
The Securities:
Issuer: Republic of the Philippines
Guarantor (if any):
Aggregate nominal amount: USD 2.75bn
Description: Republic of the Philippines USD 1.25bn 1.648% Bonds due 2031 & 1.5bn 2.65% Bonds due 2045
Stabilisation Manager(s): Credit Suisse (Hong Kong) Limited, Daiwa Capital Markets Singapore Limited, Deutsche Bank AG, London Branch, Morgan Stanley & Co. LLC, Standard Chartered Bank and UBS AG Hong Kong Branch
Offer Price: 100.00% & 100.00%