New Issue: Philippines auctions PHP 9 billion bonds due 2017 to yield 5 3/8%

By Jennifer Chiou

New York, Feb. 1 - The Republic of the Philippines priced PHP 9 billion of treasury bonds due Oct. 28, 2017 at par to yield 5 3/8%, according to a government filing.

The company received overall bids for PHP 10.63 billion of bonds, of which PHP 50 million was non-competitive.

Settlement is slated for Feb. 3.

Issuer:	Republic of the Philippines
Amount:	PHP 9 billion
Maturity:	Oct. 28, 2017
Description:	Treasury bonds
Coupon:	5 3/8%
Price:	Par
Yield:	5 3/8%
Trade date:	Feb. 1
Settlement date:	Feb. 3

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