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Philippines accepts no bids for PHP 9 billion of 8% 15-year bonds
By Tali David
Minneapolis, May 22 - The Philippines Bureau of the Treasury announced that it accepted no bids during the reopening of its 15-year bonds held on Tuesday.
Of the total offering of PHP 9 billion, bids were received for PHP 7.56 billion, all of which were rejected.
The bonds carry an 8% coupon and mature on Dec. 7, 2026. They were originally issued on Dec. 7, 2006.
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