By Richard Connell
New York, Jan. 4 - The Philippines Bureau of the Treasury announced that it sold PHP 7.025 billion in a reopening of its 4 5/8% bonds due Nov. 25, 2015 for an average yield of 4.674% on Tuesday.
For the PHP 9 billion offering, competitive bids were tendered for PHP 13.395 billion and accepted for PHP 6.725 billion.
Non-competitive bids were received and accepted for PHP 300 million.
The bonds were sold at an average price of 99.783, with prices ranging from 99.563 to 100.19.
Yields ranged from 4.58% to 4.725%, with an average yield of 4.674%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bond reopening
|
| Amount: | PHP 7.025 billion
|
| Maturity: | Nov. 25, 2015
|
| Coupon: | 4 5/8%
|
| Price (average): | 99.783
|
| Yield (average): | 4.674%
|
| Auction date: | Jan. 4
|
| Settlement date: | Jan. 6
|
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