By Tali Rackner
Minneapolis, May 16 – The Philippines Bureau of the Treasury auctioned PHP 4,915,000,000 of 5¾% bonds due 2025 for an average yield of 5.865% on Tuesday, according to a notice.
The government initially offered PHP 10 billion of the bonds. Competitive bids were tendered for PHP 13,507,000,000 and accepted for PHP 3,415,000,000. The government also received and accepted PHP 1.5 billion of non-competitive bids.
The bonds were sold at an average price of 99.348, with prices ranging from 98.875 to 99.994.
Yields ranged from 5¾% to 5.95%.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 4,915,000,000
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| Maturity: | April 12, 2025
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| Coupon: | 5¾%
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| Average price: | 99.348
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| Average yield: | 5.865%
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| Auction date: | May 16
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| Settlement date: | May 17
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