New Issue: Philippines auctions PHP 7.37 billion 10-year bonds to yield 7.685%

By Richard Connell

New York, Feb. 17 - The Philippines Bureau of the Treasury announced that it sold PHP 7.37 billion of its 7.875% bonds due Feb. 19, 2019 for an average yield of 7.685%.

For the PHP 8 billion offering, bids were tendered for PHP 11.02 billion and accepted for PHP 7.37 billion.

The bonds were priced at par, with yields ranging from 7.25% to 7.95% with an average yield of 7.685%.

Issuer:	Philippines Bureau of the Treasury
Issue:	Treasury bonds
Amount:	PHP 7.37 billion
Maturity:	Feb. 19, 2019
Coupon:	7.875%
Price:	Par
Yield:	7.685% (average)
Auction date:	Feb. 17
Settlement date:	Feb. 19

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