New Issue: Philippines' Banco de Oro prices $300 million 4½% five-year notes to yield 4 5/8%

By Paul A. Harris

Portland, Ore., Feb. 13 - Manila-based Banco de Oro Universal Bank has priced a $300 million issue of 4½% five-year eurobonds at 99.448 to yield 4 5/8%, according to a market source.

UBS ran the books.

The issuer is a corporate, commercial and consumer bank.

The bank is owned by the SM Group of companies, one the Philippines' largest conglomerates.

Issuer:	Banco de Oro Universal Bank
Amount:	$300 million
Maturity:	Feb. 16, 2017
Securities:	Eurobonds
Bookrunner:	UBS
Coupon:	4½%
Price:	99.448
Yield:	4 5/8%
Settlement date:	Feb. 16
Distribution:	Public

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