By Tali David
Minneapolis, May 10 - The Republic of the Philippines issued PHP 9 billion of 5¾% treasury bonds due Nov. 24, 2021 in reopening on Tuesday, according to a government notice.
The average price was 102.43, and the average yield was 5.42%.
The original bonds were issued on Nov. 24, 2011.
Demand for the bonds totaled PHP 14.31 billion, PHP 400 million of which was non-competitive. The Philippines accepted PHP 8.6 million of the competitive bids and all of the non-competitive bids.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | Nov. 24, 2021
|
| Coupon: | 5¾%
|
| Average price: | 102.43
|
| Average yield: | 5.42%
|
| Auction date: | May 8
|
| Settlement date: | May 10
|
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