By Richard Connell
New York, June 23 - The Philippines Bureau of the Treasury announced that it sold PHP 8.5 billion in a reopening of its 7 7/8% bonds due Feb. 19, 2019 for an average yield of 8%.
For the PHP 8.5 billion offering, bids were tendered for PHP 11.87 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 99.154, with prices ranging from 99.154 to 99.286.
Yields ranged from 7.98% to 8% with an average yield of 8%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bond reopening
|
| Amount: | PHP 8.5 billion
|
| Maturity: | Feb. 19, 2019
|
| Coupon: | 7 7/8%
|
| Price: | 99.154 (average)
|
| Yield: | 8% (average)
|
| Auction date: | June 23
|
| Settlement date: | June 25
|
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