By Richard Connell
New York, June 22 - The Philippines Bureau of the Treasury announced that is sold PHP 8.5 billion in a reopening of its 7¾% bonds due Feb. 18, 2020 for an average yield of 7.643%.
For the PHP 8.5 billion offering, bids were tendered for PHP 21.346 billion and accepted for PHP 8.34 billion.
Non-competitive bids were received and accepted for PHP 160 million.
The bonds were sold at an average price of 100.706, with prices ranging from 99.817 to 100.998.
Yields ranged from 7.6% to 7.775%, with an average yield of 7.643%.
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. 18, 2020
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Coupon: | 7¾%
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Price: | 100.706 (average)
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Yield: | 7.643% (average)
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Auction date: | June 22
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Settlement date: | June 23
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