By Sarah Lizee
Olympia, Wash., April 24 – The Philippines Bureau of the Treasury auctioned PHP 4.26 billion of 6½% bonds due 2038 for an average yield of 6.85% on Tuesday, according to a notice.
The government initially offered PHP 10 billion of the bonds. Competitive bids were tendered for PHP 19,361,000,000 and accepted for PHP 4.26 billion. The government rejected PHP 15,101,000,000 of non-competitive bids.
The bonds were sold at an average price of 96.222, with prices ranging from 95.184 to 98.891.
Yields ranged from 6.6% to 6.95%.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 4.26 billion
|
| Maturity: | Feb. 22, 2038
|
| Coupon: | 6½%
|
| Average price: | 96.222
|
| Average yield: | 6.85%
|
| Auction date: | April 24
|
| Settlement date: | April 26
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
