By Richard Connell
New York, Aug. 18 - 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 7.774%.
For the PHP 8.5 billion offering, bids were tendered for PHP 13.04 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 100.669, with prices ranging from 100.33 to 101.331.
Yields ranged from 7.675% to 7.825% with an average yield of 7.774%.
Issuer: | Philippines Bureau of the Treasury
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Issue: | Treasury bond reopening
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Amount: | PHP 8.5 billion
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Maturity: | Feb. 19, 2019
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Coupon: | 7 7/8%
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Price: | 100.669 (average)
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Yield: | 7.774% (average)
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Auction date: | Aug. 18
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Settlement date: | Aug. 20
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