By Reshmi Basu
New York, Sept. 19 - The Philippines Bureau of the Treasury said it sold PHP 7 billion of Treasury bonds due Jan. 19, 2026 at par to yield 10¼% in an auction Tuesday.
Investors were asking for an average rate of 9.101% for the bonds. The low rate was 8.75% and the high was 9.245%.
Of the PHP 15.783 billion competitive bids received, PHP 7 billion bids were accepted. No non-competitive bids were received.
Issuer: | Philippines Bureau of the Treasury
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Amount: | PHP 7 billion
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Issue: | Treasury bonds
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Maturity: | Jan. 19, 2026
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Coupon: | 10¼%
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Price: | Par
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Yield: | 10¼%
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Pricing date: | Sept. 19
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Settlement date: | Sept. 21
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