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Prospect News home > News index > List of issuers P > Headlines for Philippines Bureau of the Treasury > News item
Published on 8/4/2009 in the Prospect News Emerging Markets Daily.

Philippines accepts no bids in PHP 8.5 billion five-year bond auction

By Richard Connell

New York, Aug. 4 - The Philippines Bureau of the Treasury announced that it had accepted no bids during its auction of a reopening of its 6¼% government bonds held on Tuesday.

Of the total offering of PHP 8.5 billion, bids were received for 22.845 billion, all of which were rejected.

The 6¼% bonds are due to mature on Jan. 27, 2014.


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