By Reshmi Basu
New York, June 14 - The Philippines Bureau of the Treasury said it sold PHP 2.13 billion of three-year Treasury bonds at par to yield 10 3/8% in an auction Wednesday.
Investors were asking for an average rate of 10.367% for the bonds. The low rate was 10% and the high was 10.485%.
Of the PHP 6.01 billion competitive bids received, PHP 2.13 billion bids were accepted. No non-competitive bids were received. The Philippines had planned to sell up to PHP 3.5 billion of the bonds.
Issuer: Philippines Bureau of the Treasury
Amount: PHP 2.13 billion
Issue: Treasury bonds
Maturity: June 15, 2009
Coupon: 10 3/8%
| Price: | Par
|
| Yield: | 10 3/8%
|
| Pricing date: | June 14
|
| Settlement: | June 15
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