By Richard Connell
New York, Jan. 18 - The Philippines Bureau of the Treasury announced that it sold PHP 4.121 billion in a reopening of its 11¼% bonds due Jan. 26, 2031 for an average yield of 8.024% on Tuesday.
For the PHP 9 billion offering, competitive bids were tendered for PHP 8.001 billion and accepted for PHP 4.101 billion.
Non-competitive bids were received and accepted for PHP 20 million.
The bonds were sold at an average price of 131.876, with prices ranging from 130.647 to 136.907.
Yields ranged from 7 5/8% to 8 1/8%, with an average yield of 8.024%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bond reopening
|
| Amount: | PHP 4.121 billion
|
| Maturity: | Jan 26, 2031
|
| Coupon: | 11¼%
|
| Price (average): | 131.876
|
| Yield (average): | 8.024%
|
| Auction date: | Jan. 18
|
| Settlement date: | Jan. 20
|
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