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Prospect News home > News index > List of issuers P > Headlines for Philippines > News item
Published on 3/13/2012 in the Prospect News Emerging Markets Daily.

New Issue: Philippines auctions PHP 9 billion 5¾% bonds due 2021 to yield 5.159%

By Marisa Wong

Madison, Wis., March 13 - The Republic of the Philippines auctioned PHP 9 billion of 5¾% treasury bonds due Nov. 24, 2021 on Tuesday, according to a government notice.

The average yield is 5.159%. The yields received ranged from 5% to 5¼%.

The republic received bids for PHP 16.49 billion of bonds, including PHP 500 million of accepted non-competitive bids.

Issuer:Republic of the Philippines
Issue:Treasury bonds
Amount:PHP 9 billion
Maturity:Nov. 24, 2021
Coupon:5¾%
Average yield:5.159%
Auction date:March 13
Settlement date:March 15

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