By Reshmi Basu
New York, Oct. 17 - The Philippines Bureau of the Treasury said it sold PHP 8 billion of five-year Treasury bonds at par to yield 7¼% in an auction Tuesday.
Investors were asking for an average rate of 7.28% for the bonds. The low rate was 7.20% and the high was 7.374%.
Of the PHP 29.89 billion competitive bids received, PHP 8 billion bids were accepted. No non-competitive bids were received.
| Issuer: | Philippines Bureau of the Treasury
|
| Amount: | PHP 8 billion
|
| Issue: | Treasury bonds
|
| Maturity: | Oct. 19, 2011
|
| Coupon: | 7¼%
|
| Price: | Par
|
| Yield: | 7¼%
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 19
|
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