By Jennifer Chiou
New York, Feb. 18 - The Republic of the Philippines accepted bids for PHP 25 billion of 2 1/8% treasury bonds in a reopening on Tuesday, according to a government notice.
The average price was 94.526 for an average yield of 3.52%.
The low price received was 95.627 for a 3.232% yield, and the high price received was 94.033 for a 3.65% yield.
The republic offered PHP 25 billion of the bonds and received bids for PHP 39.95 billion of bonds. That included PHP 1.15 billion of non-competitive bids, all of which were accepted.
The bonds are a reopening of an issue that settled on May 23, 2013.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 25 billion
|
| Maturity: | May 23, 2018
|
| Coupon: | 2 1/8%
|
| Average price: | 94.526
|
| Average yield: | 3.52%
|
| Auction date: | Feb. 18
|
| Settlement date: | Feb. 20
|
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