By Tali Rackner
Minneapolis, March 20 – The Philippines Bureau of the Treasury sold PHP 7.99 billion in an auction of its 6¼% bonds due March 22, 2028, for an average yield of 6.184% on Tuesday, according to a notice.
The government initially offered PHP 20 billion of the bonds. Competitive bids were tendered for PHP 22,806,000,000 and accepted for PHP 7.99 billion. There were no non-competitive bids.
The bonds were sold at a price of par.
Yields ranged from 6% to 6¼%.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 7.99 billion
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| Maturity: | March 22, 2028
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| Coupon: | 6¼%
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| Price (average): | Par
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| Yield (average): | 6.184%
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| Auction date: | March 20
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| Settlement date: | March 22
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