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Published on 6/18/2013 in the Prospect News Emerging Markets Daily.

New Issue: Philippines sells PHP 30 billion 3 7/8% bonds due 2019 at 2.953% yield

By Susanna Moon

Chicago, June 18 - The Republic of the Philippines auctioned PHP 30 billion of 3 7/8% three-year treasury bonds in a reopening on Tuesday, according to a government notice.

The reopened notes priced at an average of 105.356 for an average yield of 2.953%.

Bids were received for PHP 76.45 billion of bonds.

Issuer:Republic of the Philippines
Issue:Treasury bonds
Amount:PHP 30 billion
Maturity:Nov. 22, 2019
Coupon:3 7/8%
Average price:105.356
Average yield:2.953%
Issue date:Nov. 22, 2012
Auction date:June 18
Settlement date:June 20

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