Published on 5/22/2018 in the Prospect News Emerging Markets Daily.
New Issue: Philippines auctions PHP 4.1 billion add-on of 6¼% bonds due 2028
By Sarah Lizee
Olympia, Wash., May 22 – The Philippines Bureau of the Treasury auctioned PHP 4.1 billion of its 6¼% bonds due 2028 for an average yield of 6.35% on Tuesday, according to a notice.
The government initially offered PHP 10 billion of the bonds. The Philippines received bids amounting to PHP 13.3 billion and accepted PHP 4.1 billion.
With this reissue, the total outstanding amount on the series is PHP 22.1 billion.
| Issuer: | Philippines Bureau of the Treasury
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| Issue: | Treasury bonds
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| Amount: | PHP 4.1 billion
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| Maturity: | March 22, 2028
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| Coupon: | 6¼%
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| Average yield: | 6.35%
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| Auction date: | May 22
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| Settlement dates: | May 24 and April 19 for add-ons, March 22 for original issue
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