By Richard Connell
New York, May 12 - The Philippines Bureau of the Treasury announced that it sold PHP 8.5 billion in a re-opening of its 6¼% bonds due Jan. 27, 2014 for an average yield of 6.178%.
For the PHP 8.5 billion offering, bids were tendered for PHP 23.278 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 100.279, with prices ranging from 100.25 to 100.331.
Yields ranged from 6.165% to 6.185% with an average yield of 6.178%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bond reopening
|
| Amount: | PHP 8.5 billion
|
| Maturity: | Jan. 27, 2014
|
| Coupon: | 6¼%
|
| Price: | 100.279 (average)
|
| Yield: | 6.178% (average)
|
| Auction date: | May 12
|
| Settlement date: | May 14
|
© 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.
