By Richard Connell
New York, July 6 - The Philippines Bureau of the Treasury announced that is sold PHP 8.5 billion in a reopening of its 8¾% bonds due May 27, 2030 for an average yield of 8.521%.
For the PHP 8.5 billion offering, competitive bids were tendered for PHP 20.859 billion and accepted for PHP 8.44 billion.
Non-competitive bids were received and accepted for PHP 60 million.
The bonds were sold at an average price of 102.16, with prices ranging from 101.64 to 102.402.
Yields ranged from 8.496% to 8.575%, with an average yield of 8.521%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 8.5 billion
|
| Maturity: | May 27, 2030
|
| Coupon: | 8¾%
|
| Price: | 102.16 (average)
|
| Yield: | 8.521% (average)
|
| Auction date: | July 6
|
| Settlement date: | July 8
|
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