By Reshmi Basu
New York, June 20 - The Philippines Bureau of the Treasury said it sold PHP 3.5 billion of five-year Treasury bonds at par to yield 10 5/8% in an auction Tuesday.
Investors were asking for an average rate of 10.577% for the bonds. The low rate was 10.40% and the high was 10.725%.
Of the PHP 14.186 billion competitive bids received, PHP 3.5 billion bids were accepted. No non-competitive bids were received.
| Issuer: | Philippines Bureau of the Treasury
|
| Amount: | PHP 3.5 billion
|
| Issue: | Treasury bonds
|
| Maturity: | June 22, 2011
|
| Coupon: | 10 5/8%
|
| Price: | Par
|
| Yield: | 10 5/8%
|
| Pricing date: | June 20
|
| Settlement date: | June 22
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
