New Issue: Philippines auctions PHP 9 billion more 5% bonds due 2018 to yield 4.936%

By Susanna Moon

Chicago, Aug. 31 - The Republic of the Philippines auctioned another PHP 9 billion of 5% treasury bonds due Aug. 18, 2018 on Wednesday with an average annual yield of 4.936%, according to a government notice.

The original issue for PHP 9 billion sold on Aug. 16 with an average annual yield of 5.017%.

Demand for the bonds totaled PHP 24.04 billion, PHP 610 million of which was non-competitive.

The bonds will settle on Thursday.

Issuer:	Republic of the Philippines
Issue:	Treasury bonds
Amount:	PHP 9 billion
Maturity:	Aug. 18, 2018
Coupon:	5%
Average yield:	5.017% for PHP 9 billion, 4.936% for add-on
Auction date:	Aug. 16 for PHP 9 billion, Aug. 31 for add-on
Settlement date:	Aug. 18 for PHP 9 billion, Sept. 1 for add-on

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.