Published on 8/16/2011 in the Prospect News Emerging Markets Daily.
New Issue: Philippines prices PHP 9 billion 5% bonds due 2018 with 5.017% yield
By Jennifer Chiou
New York, Aug. 16 - The Republic of the Philippines auctioned PHP 9 billion of 5% treasury bonds due Aug. 18, 2018 on Tuesday with an average annual yield of 5.017%, according to a government notice.
Demand for the bonds totaled PHP 44.06 billion, none of which was non-competitive.
The bonds will settle on Thursday.
Issuer: | Republic of the Philippines
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Issue: | Treasury bonds
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Amount: | PHP 9 billion
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Maturity: | Aug. 18, 2018
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Coupon: | 5%
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Average yield: | 5.017%
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Auction date: | Aug. 16
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Settlement date: | Aug. 18
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