By Angela McDaniels
Tacoma, Wash., Sept. 13 - The Republic of the Philippines auctioned another PHP 9 billion of its 6½% treasury bonds due April 28, 2021 on Tuesday, according to a government notice.
The average price is 107.501, and the average yield is 5.485%.
The prices received ranged from 107.346 to 107.579, and the yields ranged from 5.475% to 5.505%.
The republic received bids for PHP 41.79 billion of bonds, including competitive bids for PHP 37.06 billion of bonds and non-competitive bids for PHP 4.73 billion of bonds. It accepted competitive bids for PHP 5.4 billion of bonds and non-competitive bids for PHP 3.6 billion of bonds.
The original PHP 9 billion of bonds priced at par on April 26 and settled April 28. The reopened bonds will settle Thursday.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | April 28, 2021
|
| Coupon: | 6½%
|
| Average price: | 107.501
|
| Average yield: | 5.485%
|
| Auction date: | Sept. 13
|
| Settlement date: | Sept. 15
|
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