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Philippines accepts no bids for PHP 8 billion 4 5/8% bonds due 2015
By Richard Connell
New York, Dec. 7 - The Philippines Bureau of the Treasury announced that it had accepted no bids during the reopening of its 4 5/8% bonds due 2015 held on Tuesday.
Of the total offering of PHP 8 billion, bids were received for PHP 8.495 billion, all of which were rejected.
The bonds, which carry a coupon of 4 5/8%, are due to mature on Nov. 25, 2015.
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