By Angela McDaniels
Tacoma, Wash., March 19 - The Republic of the Philippines accepted bids for PHP 25 billion of 3½% seven-year treasury bonds on Tuesday, according to a government notice.
The average yield is 3.426%. The low yield received was 3.24%, and the high yield received was 3½%.
The republic offered PHP 25 billion of the bonds and received bids for PHP 62.2 billion of bonds. No non-competitive bids were received.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 25 billion
|
| Maturity: | March 20, 2021
|
| Coupon: | 3½%
|
| Average yield: | 3.426%
|
| Auction date: | March 18
|
| Settlement date: | March 20
|
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