By Jennifer Chiou
New York, Jan. 19 - The Philippines Bureau of the Treasury announced that it sold PHP 4.37 billion in a re-issue of its 6½% bonds due Oct. 4, 2014 for an average yield of 6.233%.
For the PHP 6.5 billion offering, bids were tendered for PHP 13.24 billion and accepted for PHP 4.37 billion.
The bonds were sold at an average price of 101.062, with yields ranging from 5.318% to 6.475%.
The bonds were originally issued on Oct. 4, 2007.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 4.37 billion
|
| Maturity: | Oct. 4, 2014
|
| Coupon: | 6½%
|
| Price: | 101.062 (average)
|
| Yield: | 6.233% (average)
|
| Auction date: | Jan. 19
|
| Settlement date: | Jan. 21
|
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