By Jennifer Chiou
New York, June 21 - The Republic of the Philippines priced another PHP 9 billion of its 6½% treasury bonds due April 28, 2021 at an average price of 100.451 for an average yield of 6.436%, according to a government notice.
The additional bonds were sold in an auction on Tuesday.
Demand for the bonds totaled PHP 20.946 billion, including PHP 300 million of accepted non-competitive bids.
The original issue settled on April 28, 2011. The reopened bonds will settle on Thursday.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | April 28, 2021
|
| Coupon: | 6½%
|
| Average price: | 100.451
|
| Average yield: | 6.436%
|
| Auction date: | June 21
|
| Settlement date: | June 23
|
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