Best borrowers 2007: Best sovereign borrower – Asia: Republic of the Philippines

A repeat of 2006’s success follows another outstanding performance from out-going treasurer Omar Cruz and his team.

Euromoney’s borrower awards 2007

Overall awards
Best sovereign/supranational/agency borrower Best bank borrower
Best insurance borrower Best ABS
Best CDO borrower Best covered bond issuer
Best corporate borrower Best high-yield/leveraged finance borrower
Latin America regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Central & Eastern Europe regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Asia regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Middle East and northern Africa regional awards
Best borrower

The year began in spectacular fashion. In a similar way to 2005, the Republic of the Philippines hit the market with a large benchmark issue in early January 2006 that went a long way towards fulfilling the government’s full annual funding target as well as capitalizing on the previous year’s highly successful campaign to improve the visibility, size and transparency of the government’s funding process.

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