Philippines raises $559 mln via Samurai bond deal – IFR

MANILA, April 12 (Reuters) – The Philippines has raised 70.1 billion yen ($559 million) from an offering of four-tranche Samurai bonds, fixed income news provider IFR reported on Tuesday.

A five-year tranche raised 52 billion yen and was priced with a 0.76% coupon, while a seven-year portion raised 5 billion yen with a 0.95% coupon, it said.

An offer of 10-year bonds raised 7.1 billion yen at 1.22% coupon, and a 20-year tranche raised 6 billion yen at 1.83% coupon, IFR said.

($1 = 125.4200 yen)

(Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor)

((enrico.delacruz@tr.com))