Philippines declines all bids for add-on to seven-year treasury bonds

By Susanna Moon

Chicago, July 17 – The Philippines Bureau of the Treasury said it rejected all the tenders for the third reissuance of its seven-year treasury bonds that have a remaining maturity of six years and eight months.

Total bids reached PHP 14 billion, which was less than the PHP 15 billion offering, according to the notice.

The total outstanding amount is still PHP 20.5 billion.

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