27-Jul-21
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 28/06/20211 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: US$ 750mm | US$ 2.25bn
Description: REP. OF THE PHILIPPINES US$ 10.5-YEAR AND 25-YEAR SEC REGISTERED
Stabilisation Manager(s): Bank of China / Deutsche Bank / Goldman Sachs / Morgan Stanley / MUFG / Standard Chartered Bank / UBS
Offer Price: 98.779 | 99.149