By Marisa Wong
Morgantown, W.Va., Aug. 18 – The Philippines accepted bids for PHP 25 billion of 3 3/8% treasury bonds due 2020, according to a government notice.
The average price was par, and the average yield was 3.352%.
The total amount tendered was PHP 51.6 billion.
All of the bids accepted were competitive.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 25 billion
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 3 3/8%
|
| Average price: | Par
|
| Average yield: | 3.352%
|
| Auction date: | Aug. 18
|
| Settlement date: | Aug. 20
|
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