By Tali Rackner
Norfolk, Va., March 22 – The Philippines Bureau of the Treasury sold PHP 15 billion in an auction of its 4% bonds due Jan. 26, 2022, for an average yield of 4.132% in a Tuesday reopening, according to a notice.
Competitive bids were tendered for PHP 24,345,000,000 and accepted for PHP 12.7 billion.
Non-competitive bids were received and accepted for PHP 2.3 billion.
The bonds were sold at an average price of 99.422, with prices ranging from 99.236 to 99.996.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 15 billion
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| Maturity: | Jan. 26, 2022
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| Coupon: | 4%
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| Price (average): | 99.422
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| Yield (average): | 4.132%
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| Auction date: | March 21
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| Settlement date: | March 23 for add-on, Jan. 26, 2017 for original issue
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