Philippines accepts no bids for PHP 25 billion of 4.125% 10-year bonds

By Tali Rackner

Norfolk, Va., April 23 – The Philippines Bureau of the Treasury announced that it accepted no bids during the reopening of its 10-year bonds held on Tuesday.

Of the total offering of PHP 25 billion, bids were received for PHP 49.59 billion, all of which were rejected.

The bonds carry a 4.125% coupon and mature on Aug. 20, 2024. They were originally issued on Aug. 20, 2014.

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