By Tali Rackner
Minneapolis, June 20 – The Philippines Bureau of the Treasury sold a PHP 4.1 billion add-on to its 20-year treasury bonds on Tuesday, according to a notice.
Accepted bids were capped at 7%, with an average of 6.979%.
The government initially offered PHP 10 billion of the bonds, which was oversubscribed by 1.4 times.
With this reissue, the total outstanding amount on the series is PHP 17.2 billion.
| Issuer: | Philippines Bureau of the Treasury
|
| Issue: | Treasury bonds
|
| Amount: | PHP 4.1 billion
|
| Tenor: | 20 years
|
| Average bid: | 6.979%
|
| Auction date: | June 19
|
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