By Richard Connell
New York, May 11 - The Philippines Bureau of the Treasury announced that is sold PHP 8.5 billion in an auction of its 6 3/8% bonds due May 13, 2015 for an average yield of 6.336%.
For the PHP 8.5 billion offering, bids were tendered for PHP 17.02 billion and accepted for PHP 8.5 billion.
The bonds were sold at an average price of 100.
Yields ranged from 6 1/8% to 6.49%, with an average yield of 6.336%.
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: | May 13, 2015
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Coupon: | 6 3/8%
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Price: | 100 (average)
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Yield: | 6.336% (average)
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Auction date: | May 11
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Settlement date: | May 13
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