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Prospect News home > News index > List of issuers P > Headlines for Philippines > News item
Published on 2/17/2015 in the Prospect News Emerging Markets Daily.

Philippines accepts zero bids in reopening of 4 1/8% bonds due 2024

By Jennifer Chiou

New York, Feb. 17 – The Republic of the Philippines accepted zero bids in its potential PHP 25 billion reopening of 4 1/8% treasury bonds due 2024 on Tuesday, according to a government notice.

At the Tuesday auction, competitive bids were received for PHP 40.27 billion of bonds, while non-competitive bids registered at PHP 960 million. All bids were rejected.

The original issue date for the bonds was Aug. 20, 2014.


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