Published on 9/28/2011 in the Prospect News Emerging Markets Daily.
New Issue: Philippines prices PHP 9 billion 7 5/8% treasury bonds due 2036 for 7.51% average yield
By Susanna Moon
Chicago, Sept. 28 - The Republic of the Philippines issued PHP 9 billion of 7 5/8% treasury bonds due Sept. 29, 2036 in an auction Wednesday, according to a government notice.
The average price was par, and the average yield was 7.51%.
Demand for the bonds totaled PHP 30.82 billion, none of which was a non-competitive bid.
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: | Sept. 29, 2036
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Coupon: | 7 5/8%
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Average price: | Par
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Average yield: | 7.51%
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Auction date: | Sept. 28
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Settlement date: | Sept. 29
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