By Richard Connell
New York, March 2 - The Philippines Bureau of the Treasury announced that it sold PHP 8.5 billion in a re-issue of its 5¼% bonds due Jan. 7, 2013 for an average yield of 5.16%.
The bonds were sold at an average price of 100.228, with an average yield of 5.16%.
Competitive bids were tendered for PHP 25.16 billion and accepted for PHP 5.1 billion, while non-competitive bids were tendered for PHP 5.5 billion and accepted for PHP 3.4 billion.
The bonds were originally issued on Jan. 7, 2010.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 8.5 billion
|
| Maturity: | Jan. 7, 2013
|
| Coupon: | 5¼%
|
| Price: | 100.228 (average)
|
| Yield: | 5.16% (average)
|
| Auction date: | March 2
|
| Settlement date: | March 4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
