By Jennifer Chiou
New York, June 7 - The Republic of the Philippines priced another PHP 9 billion of its 5 7/8% treasury bonds due Jan. 31, 2018 at an average price of 99.818 for an average yield of 5.907%, according to a government notice.
The additional bonds were sold in an auction on Tuesday.
Demand for the bonds totaled PHP 31.24 billion, including PHP 412 million of non-competitive bids, all of which were accepted.
The original issue settled on Jan. 31, 2008. The reopened bonds will settle on Thursday.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | Jan. 31, 2018
|
| Coupon: | 5 7/8%
|
| Average price: | 99.818
|
| Average yield: | 5.907%
|
| Auction date: | June 7
|
| Settlement date: | June 9
|
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