Published on 1/23/2018 in the Prospect News Emerging Markets Daily.
New Issue: Philippines sells PHP 14.89 billion 4¼% three-year treasury bonds
By Sarah Lizee
Olympia, Wash., Jan. 23 – The Philippines Bureau of the Treasury auctioned PHP 14.89 billion of 4¼% bonds due 2021 for an average yield of 4.256% on Tuesday, according to a notice.
The government initially offered PHP 20 billion of the bonds. Competitive bids were tendered for PHP 39.1 billion and accepted for PHP 14.89 billion. There were no non-competitive bids.
Yields ranged from 4.125% to 4.37%, with an average yield of 4.256%.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 14,891,000,000
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| Maturity: | Jan. 25, 2021
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| Coupon: | 4¼%
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| Average price: | About par
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| Annual rate: | 4.256%
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| Auction date: | Jan. 23
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| Settlement date: | Jan. 25
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