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Published on 1/3/2012 in the Prospect News Emerging Markets Daily.

New Issue: Philippines prices PHP 9 billion 5% six-year treasury bonds at 101.072

By Marisa Wong

Madison, Wis., Jan. 3 - The Republic of the Philippines issued PHP 9 billion of 5% treasury bonds due Aug. 18, 2018 in an auction on Tuesday, according to a government notice.

The average price was 101.072, and the average yield was 4.808%.

Demand for the bonds totaled PHP 31.21 billion, PHP 1.53 billion of which were non-competitive bids.

Issuer:Republic of the Philippines
Issue:Treasury bonds
Amount:PHP 9 billion
Maturity:Aug. 18, 2018
Coupon:5%
Average price:101.072
Average yield:4.808%
Auction date:Jan. 3
Settlement date:Jan. 5

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