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Philippines accepts no bids in PHP 6.5 billion 10-year bond auction
By Richard Connell
New York, Oct. 20 - The Philippines Bureau of the Treasury announced that it had accepted no bids during the auction of its 10-year bonds held on Tuesday.
Of the total offering of PHP 6.5 billion, bids were received for PHP 5.7 billion, all of which were rejected.
The 10-year bonds are due to mature on Oct. 22, 2019.
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