Published on 9/17/2013 in the Prospect News Emerging Markets Daily.
New Issue: Philippines sells PHP 30 billion 2 1/8% bonds due 2018 to yield 3.002%
By Toni Weeks
San Luis Obispo, Calif., Sept. 17 - The Republic of the Philippines auctioned PHP 30 billion of 2 1/8% five-year treasury bonds in a reopening on Tuesday, according to a government notice.
The notes priced at an average of 96.197 for an average yield of 3.002%.
Bids were received for PHP 32.9 billion of bonds.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 30 billion
|
| Maturity: | May 23, 2018
|
| Coupon: | 2 1/8%
|
| Average price: | 96.197
|
| Average yield: | 3.002%
|
| Issue date: | May 23, 2013
|
| Auction date: | Sept. 17
|
| Settlement date: | Sept. 19
|
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