Published on 3/19/2013 in the Prospect News Emerging Markets Daily.
New Issue: Philippines sells PHP 25 billion 3 5/8% bonds due 2033 to yield 3.517%
By Marisa Wong
Madison, Wis., March 19 - The Republic of the Philippines auctioned PHP 25 billion of 3 5/8% treasury bonds on Tuesday, according to a government notice.
The average yield for the 10-year bonds was 3.517%.
Bids were received for PHP 118.33 billion of bonds. The yields ranged from 3% to 3 5/8%.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 25 billion
|
| Maturity: | March 21, 2033
|
| Coupon: | 3 5/8%
|
| Average yield: | 3.517%
|
| Auction date: | March 19
|
| Settlement date: | March 21
|
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