New Issue: Philippines auctions PHP 9 billion 5¾% bonds due 2032 to yield 5.722%

By Marisa Wong

Madison, Wis., Sept. 26 - The Republic of the Philippines auctioned PHP 9 billion of 5¾% treasury bonds on Tuesday, according to a government notice.

The average yield for the 20-year bonds was 5.722%.

Bids were received for PHP 29.42 billion of bonds. The yields ranged from 5½% to 5¾%.

Issuer:	Republic of the Philippines
Issue:	Treasury bonds
Amount:	PHP 9 billion
Maturity:	Sept. 27, 2032
Coupon:	5¾%
Average yield:	5.722%
Auction date:	Sept. 25
Settlement date:	Sept. 27

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