By Richard Connell
New York, March 31 - The Philippines Bureau of the Treasury announced that it sold PHP 8.5 billion of its 5¾% bonds due Feb. 21, 2012 for an average yield of 5.755%.
For the PHP 8.5 billion offering, bids were tendered for PHP 16.35 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 99.98, with prices ranging from 99.875 to 100.256.
Yields ranged from 5.65% to 5.795% with an average yield of 5.755%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 8.5 billion
|
| Maturity: | Feb. 21, 2012
|
| Coupon: | 5¾%
|
| Price: | 99.98
|
| Yield: | 5.755% (average)
|
| Auction date: | March 31
|
| Settlement date: | April 2
|
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