# EDGAR Filing Document

**Accession Number:** 0001030717
**File Stem:** 0001193125-26-017173
**Filing Date:** 2026-1
**Character Count:** 4799
**Document Hash:** eb1db9d6c52c6b3008eee8b46246ac21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-017173.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001193125-26-017173

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC OF THE PHILIPPINES
- **CENTRAL INDEX KEY:** 0001030717
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-286375
- **FILM NUMBER:** 26544726

**BUSINESS ADDRESS:**
- **STREET 1:** 3RD FLOOR, AYUNTAMIENTO BUILDING CABILDO
- **STREET 2:** ST CORNER A. SORIANO AVE INTRAMUROS
- **CITY:** MANILA
- **STATE:** R6
- **ZIP:** 1002
- **BUSINESS PHONE:** 917-806-6107

**MAIL ADDRESS:**
- **STREET 1:** 3RD FLOOR, AYUNTAMIENTO BUILDING CABILDO
- **STREET 2:** ST CORNER A. SORIANO AVE INTRAMUROS
- **CITY:** MANILA
- **STATE:** R6
- **ZIP:** 1002
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC OF THE PHILIPPINES
- **CENTRAL INDEX KEY:** 0001030717
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 3RD FLOOR, AYUNTAMIENTO BUILDING CABILDO
- **STREET 2:** ST CORNER A. SORIANO AVE INTRAMUROS
- **CITY:** MANILA
- **STATE:** R6
- **ZIP:** 1002
- **BUSINESS PHONE:** 917-806-6107

**MAIL ADDRESS:**
- **STREET 1:** 3RD FLOOR, AYUNTAMIENTO BUILDING CABILDO
- **STREET 2:** ST CORNER A. SORIANO AVE INTRAMUROS
- **CITY:** MANILA
- **STATE:** R6
- **ZIP:** 1002

**Filed pursuant to Rule 433** 

**Registration Statement No. 333-286375** 

**January 20, 2026** 

**US$1,500,000,000 5.000% Global Bonds due 2036** 

**Final Term Sheet** 

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| | |
|:---|:---|
| **Issuer** | **Republic of the Philippines** |
|  Issue currency | US$ |
|  Amount issued | US$1,500,000,000 |
|  Security type | Senior Unsecured Bonds |
|  Coupon | 5.000% |
|  Interest Payment dates | January 27 and July 27 |
|  Maturity date | January 27, 2036 |
|  CUSIP | 718286 DK0 |
|  ISIN | US718286DK05 |
|  Public Offering Price | 99.325% |
|  Proceeds before expenses | US$1,489,875,000 |
|  Settlement date | January 27, 2026 |
|  Reference benchmark | 4% UST due November 15, 2035 |
|  Benchmark yield | 4.287% |
|  Re-offer spread over benchmark | 80 bps |
|  Re-offer yield | 5.087% |
|  Denominations | US$200k/1k |
|  Day count | 30/360 |
|  Joint Lead Managers and Joint Bookrunners | BofA Securities, Inc., Deutsche Bank AG, London Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Morgan Stanley & Co. LLC, Standard Chartered Bank and UBS AG Hong Kong Branch |
|  Settlement and Delivery | The Republic expects that delivery of the global bonds will be made against payment therefor on or about the settlement date. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade global bonds prior to delivery of the global bonds will be required, by virtue of the fact that the global bonds initially will settle on a basis longer than the next business day, to specify alternative settlement arrangements to prevent a failed settlement. |

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The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Web site of the Securities and Exchange Commission at www.sec.gov. Alternatively, an underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by contacting The Hongkong and Shanghai Banking Corporation Limited by calling +1-866-811-8049.

The prospectus can be accessed through the following link:

https://www.sec.gov/Archives/edgar/data/1030717/000119312526015954/d18939d424b3.htm

MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

UK MiFIR professionals/ECPs-only – Manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels).