By Tali Rackner
Norfolk, Va., Feb. 17 – The Philippines Bureau of the Treasury announced that it sold PHP 25 billion in a reopening of its 3 3/8%% bonds due Aug. 20, 2020 for an average yield of 3.647% on Tuesday.
For the offering, competitive bids were tendered for PHP 54.982 billion and accepted for PHP 23.98 billion.
Non-competitive bids were received and accepted for PHP 1.02 billion.
The bonds were sold at an average price of 98.879, with prices ranging from 98.56 to 99.483.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bond reopening
|
| Amount: | PHP 25 billion
|
| Maturity: | Aug. 20, 2020
|
| Coupon: | 3 3/8%
|
| Average price: | 98.879
|
| Average yield: | 3.647%
|
| Auction date: | Feb. 16
|
| Settlement date: | Feb. 18
|
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