By Angela McDaniels
Tacoma, Wash., Jan. 21- The Republic of the Philippines accepted bids for PHP 9.62 billion of 1 5/8% treasury bonds in a reopening on Tuesday, according to a government notice.
The average price is 98.309 for an average yield of 2.399%.
The low price received was 98.903 for a 2 1/8% yield, and the high price received was 98.091 for a 2½% yield.
The republic offered PHP 25 billion of the bonds and received bids for PHP 33.22 billion of bonds. That included PHP 150 million of non-competitive bids, all of which were accepted.
The bonds are a reopening of an issue that settled April 25, 2013.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9.62 billion
|
| Maturity: | April 25, 2016
|
| Coupon: | 1 5/8%
|
| Average price: | 98.309
|
| Average yield: | 2.399%
|
| Auction date: | Jan. 21
|
| Settlement date: | Jan. 23
|
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