IPO - REPUBLIC OF THE PHILIPPINES

Form Type: S-B

Filing Date: 2025-04-04

Corporate Action: Ipo

Type: New

Accession Number: 000119312525072956

Filing Summary: On April 4, 2025, the Republic of the Philippines filed a registration statement under Schedule B with the SEC, detailing the offering of debt securities and warrants totaling a maximum aggregate principal amount of up to $5,405,000,000. This is intended to provide flexibility for the Republic to sell securities on a delayed or continuous basis. The offering will target general budget support and repayment of the government's borrowings. The document outlines that the securities may be issued in various series and terms will be specified in prospectus supplements. In addition, the filing emphasizes that proceeds from the securities will be primarily used for supporting the Republic's budgetary needs. The securities will be registered under the Securities Act of 1933, ensuring compliance with federal regulations before any sale is conducted. The prospectus contains various disclosures regarding potential risks, economic conditions influencing the Republic's financial stability, and the usage of proceeds from the sale of these securities. The document provides detailed instructions and provisions regarding the terms, rights, and payment methods related to the securities being offered, including additional amounts for taxation and provisions regarding various forms of securities. Furthermore, it discusses the principles guiding the repayment and status of these securities in relation to the Republic’s financing activities under Philippine law. The process involves continuing amendments and filings with the SEC to keep the registration statement active until it becomes effective.

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