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Published on 1/17/2012 in the Prospect News Emerging Markets Daily.

New Issue: Philippines prices PHP 9 billion more 5¾% 10-year bonds at 104.432

By Susanna Moon

Chicago, Jan. 17 - The Republic of the Philippines issued PHP 9 billion of 5¾% treasury bonds due Nov. 24, 2021 in a reopening on Tuesday, according to a government notice.

The average price was 104.432, and the average yield was 5.169%.

The original issue date was Nov. 24.

Demand for the bonds totaled PHP 29.35 billion, PHP 1.1 billion of which were non-competitive bids.

Issuer:Republic of the Philippines
Issue:Treasury bonds
Amount:PHP 9 billion
Maturity:Nov. 24, 2021
Coupon:5¾%
Average price:104.432
Average yield:5.169%
Auction date:Jan. 17
Settlement date:Jan. 19

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