By Richard Connell
New York, April 15 - The Philippines Bureau of the Treasury announced that it sold PHP 8.5 billion of its 6¼% bonds due Jan. 27, 2014 for an average yield of 6.268%.
For the PHP 8.5 billion offering, bids were tendered for PHP 28.13 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 99.915, with prices ranging from 99.784 to 99.988.
Yields ranged from 6.25% to 6.3% with an average yield of 6.268%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 8.5 billion
|
| Maturity: | Jan. 27, 2014
|
| Coupon: | 6¼%
|
| Price: | 99.915
|
| Yield: | 6.268% (average)
|
| Auction date: | April 14
|
| Settlement date: | April 16
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
