New York, Aug. 26 - The Philippines Bureau of the Treasury said it sold a PHP 1.5 billion add on to its 8.75% Treasury bonds due March 3, 2013 at an average price of 106.28 to yield 7.099% in an auction Tuesday.
The Bureau of the Treasury was offering up to PHP 7 billion of the bonds. PHP 13.46 billion of bids were received, but PHP 12.01 billion were rejected.
The low rate was 7.090% and the high was 7.115%.
| Issuer: | Philippines Bureau of the Treasury
|
| Amount: | PHP 1.5 billion
|
| Issue: | Treasury bonds
|
| Maturity: | March 3, 2013
|
| Coupon: | 8.75%
|
| Price: | 106.28
|
| Yield: | 7.099%
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 28
|
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