By Susanna Moon
Chicago, May 24 - The Republic of the Philippines reopened its 6 3/8% treasury bonds due May 13, 2015 to issue an additional PHP 9 billion principal amount, according to a government notice.
The additional bonds were sold in an auction on Tuesday. The average price was 104.111, and the average yield was 5.213%.
Demand for the bonds totaled PHP 35.68 billion, including PHP 500 million of non-competitive bids, all of which were accepted.
The original issue settled on May 13, 2010. The reopened bonds will settle on Thursday.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | May 13, 2015
|
| Coupon: | 6 3/8%
|
| Average price: | 104.111
|
| Average yield: | 5.213%
|
| Auction date: | May 13
|
| Settlement date: | May 26
|
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