Published on 11/20/2012 in the Prospect News Emerging Markets Daily.
New Issue: Philippines sells PHP 9 billion 3 7/8% bonds due 2019 to yield 3.982%
By Toni Weeks
San Diego, Nov. 20 - The Republic of the Philippines auctioned PHP 9 billion of 3 7/8% treasury bonds due Nov. 22, 2019 on Tuesday, according to a government notice.
The average yield for the seven-year bonds was 3.982%.
Bids were received for PHP 35.43 billion of bonds. The yields ranged from 3 7/8% to 3.999%.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
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| Maturity: | Nov. 22, 2019
|
| Coupon: | 3 7/8%
|
| Average yield: | 3.982%
|
| Auction date: | Nov. 20
|
| Settlement date: | Nov. 22
|
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