- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:55 06:09 12:10 15:32 18:06 19:20
The Philippines revised its price guidance for a sale of as much as ¥100 billion (Dh4.07bn, $1.11bn) of 10-year Samurai bonds scheduled on February 23, according to a source familiar with the matter.
The Southeast Asian country told investors it plans to sell 10-year, fixed-rate notes priced to yield between 0.85 percentage point and 0.9 percentage point more than the yen swap rate, said the source, who asked not to be named as he is not authorised to discuss the matter. The government told investors it may pay as much as a 0.95 percentage point spread on February 10, said the source at the time.
Ninety-five per cent of the bond is guaranteed by Japan Bank for International Co-operation, according to another person involved in the sale.
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