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Philippines accepts no bids for PHP 20 billion of 10-year bonds
By Sarah Lizee
Olympia, Wash., Jan. 10 – The Philippines Bureau of the Treasury announced that it accepted no bids during the auction of its 10-year bonds held on Tuesday.
Of the total offering of PHP 20 billion, bids were received for PHP 18.7 billion, all of which were rejected.
The bonds are scheduled to mature on Jan. 11, 2028.
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