By Richard Connell
New York, Sept. 14 - The Philippines Bureau of the Treasury announced that it sold PHP 7.245 billion in a new issue of 6 1/8% bonds due Sept. 16, 2020 at an average yield of 6.149%.
For the PHP 8.5 billion offering, competitive bids were tendered for PHP 15.841 billion and accepted for 7.245 billion.
The bonds were sold at an average price of 100.
Yields ranged from 6% to 6.245%, with an average yield of 6.149%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 7.245 billion
|
| Maturity: | Sept. 16, 2020
|
| Coupon: | 6 1/8%
|
| Price: | 100 (average)
|
| Yield: | 6.149% (average)
|
| Auction date: | Sept. 14
|
| Settlement date: | Sept. 16
|
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