By Tali Rackner
Minneapolis, April 3 – The Philippines Bureau of the Treasury sold PHP 10 billion in an auction of its 4¼% bonds due Jan. 25, 2021, for an average yield of 4.632% in a Tuesday reopening, according to a notice.
Competitive bids were tendered for PHP 19,426,000,000 and accepted for PHP 9.42 billion.
Non-competitive bids were tendered and accepted for PHP 580 million.
The bonds were sold at an average price of 99, with prices ranging from 98.708 to 99.342.
With this reissue, the total outstanding amount on the series is PHP 24.89 billion
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 10 billion
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| Maturity: | Jan. 25, 2021
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| Coupon: | 4¼%
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| Price (average): | 99
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| Yield (average): | 4.632%
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| Auction date: | April 3
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| Settlement date: | April 5 for add-on, Jan. 25 for original issue
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