By Reshmi Basu
New York, July 17 - The Philippines Bureau of the Treasury said it sold PHP 4.95 billion of Treasury bills in three tranches.
The Treasury sold PHP 2 billion of 91-day bills. The average rate asked for accepted bids was 6.078%. The low rate was 5.74%, and the high was 6.20%.
Of the PHP 3.16 billion competitive bids received, PHP 1.2 billion bids were accepted. Of the PHP 2.18 billion non-competitive bids were received, PHP 800 million bids were accepted.
The Treasury also sold PHP 2 billion of 182-day bills. The average rate asked for accepted bids was 6.994%. The low rate was 6.849%, and the high rate was 7.123%.
Of the PHP 5.049 billion competitive bids received, PHP 1.2 billion bids were accepted. Of the PHP 1.93 billion non-competitive bids were received, PHP 800 million bids were accepted.
And the Treasury sold PHP 950 million of 364-day bills. The average rate asked for accepted bids was 7.815%. The low rate was 7.75%, and the high rate was 7.875%.
Of the PHP 2.875 billion competitive bids received, PHP 150 million bids were accepted. Of the PHP 1.06 billion non-competitive bids were received, PHP 800 million bids were accepted.
| Issuer: | Philippines Bureau of the Treasury
|
| Total amount: | PHP 4.95 billion
|
| Issue: | Treasury bills
|
| Pricing date: | July 17
|
| Settlement date: | July 19
|
|
|
| 91-day bills
|
| Amount: | PHP 2 billion
|
| Maturity: | Oct. 18, 2006
|
| Average rate: | 6.078%
|
| Average price: | 98.487
|
|
|
| 182-day bills
|
| Amount: | PHP 2 billion
|
| Maturity: | Jan. 17, 2007
|
| Average rate: | 6.994%
|
| Average price: | 96.585
|
|
|
| 364-day bills
|
| Amount: | PHP 950 million
|
| Maturity: | July 18, 2007
|
| Average rate: | 7.815%
|
| Average price: | 92.677
|
|
|
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