Published on 6/19/2012 in the Prospect News Emerging Markets Daily.
New Issue: Philippines auctions PHP 9 billion 5 7/8% bonds due 2032 to yield 6.024%
By Toni Weeks
San Diego, June 19 - The Republic of the Philippines auctioned PHP 9 billion of 5 7/8% treasury bonds due Feb. 2, 2032 on Tuesday, according to a government notice.
The average yield is 6.024%. The yields received ranged from 5.99% to 6.09%.
The republic received bids for PHP 14.1 billion of bonds, including PHP 100 million of accepted non-competitive bids.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | Feb. 2, 2032
|
| Coupon: | 5 7/8%
|
| Average yield: | 6.024%
|
| Auction date: | June 19
|
| Settlement date: | June 21
|
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