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Philippines accepts no bids in PHP 25 billion of 4¾% seven-year bonds
By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – The Philippines Bureau of the Treasury announced that it accepted no bids during the reopening of its seven-year bonds held on Tuesday.
Of the total offering of PHP 25 billion, bids were received for PHP 13.37 billion, all of which were rejected.
The bonds carry a 4¾% coupon and mature on Sept. 13, 2022. They were originally issued on Sept. 13, 2012.
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