New York, Nov. 14 - The Philippines Bureau of the Treasury said it sold PHP 6 billion of 10-year Treasury bonds at par to yield 6¼% in an auction Tuesday.
Investors were asking for an average rate of 6.169% for the bonds. The low rate was 5.990% and the high was 6.300%.
Of the PHP 12.305 billion competitive bids received, PHP 6 billion bids were accepted. No non-competitive bids were received.
| Issuer: | Philippines Bureau of the Treasury
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| Amount: | PHP 6 billion
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| Issue: | Treasury bonds
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| Maturity: | Nov. 16, 2016
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| Coupon: | 6¼%
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| Price: | Par
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| Yield: | 6¼%
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| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 16
|
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