By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – The Philippines Bureau of the Treasury sold PHP 15 billion in an auction of its 3 3/8% bonds due Jan. 12, 2020, for an average yield of 3.492% in a Tuesday reopening, according to a notice.
Competitive bids were tendered for PHP 21.72 billion and accepted for PHP 12.74 billion.
Non-competitive bids were received and accepted for PHP 2.26 billion.
The bonds were sold at an average price of 99.675, with prices ranging from 99.805 to 99.53.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 15 billion
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| Maturity: | Jan. 12, 2020
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| Coupon: | 3 3/8%
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| Price (average): | 99.675
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| Yield (average): | 3.492%
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| Auction date: | Feb. 7
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| Settlement date: | Feb. 9 for add-on, Jan. 12 for original issue
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