New Issue: Philippines auctions PHP 4.918 billion bonds due 2028 to yield 9.5%

By Richard Connell

New York, Dec. 2 - The Philippines Bureau of the Treasury announced that it sold PHP 4.918 billion of its 9.5% bonds due Dec. 4, 2024 to yield 9.498%.

For the PHP 6 billion offering, bids were tendered for PHP 13.368 billion and accepted for PHP 4.918 billion.

The bonds were priced at par, with yields ranging from 9.49% to 9.5% with an average yield of 9.498%.

Issuer:	Philippines Bureau of the Treasury
Issue:	Treasury bonds
Amount:	PHP 4.918 billion
Maturity:	Dec. 4, 2024
Coupon:	9.5%
Price:	Par
Yield:	9.498% (average)
Auction date:	Dec. 2
Settlement date:	Dec. 4

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