By Richard Connell
New York, Nov. 3 - The Philippines Bureau of the Treasury announced that it sold PHP 6.5 billion in an auction of its 9¼% bonds due Nov. 5, 2034 for an average yield of 9.08%.
For the PHP 6.5 billion offering, bids were tendered for PHP 14.495 billion and accepted for PHP 6.5 billion.
The bonds were sold at an average price of 100, with yields ranging from 8¾% to 9¼% and an average yield of 9.08%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 6.5 billion
|
| Maturity: | Nov. 5, 2034
|
| Coupon: | 9¼%
|
| Price: | 100 (average)
|
| Yield: | 9.08% (average)
|
| Auction date: | Nov. 3
|
| Settlement date: | Nov. 5
|
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