Published on 7/19/2011 in the Prospect News Emerging Markets Daily.
New Issue: Philippines sells PHP 9 billion 4 7/8% bonds due 2015 with 4.697% average yield
By Jennifer Chiou
New York, July 19 - The Republic of the Philippines auctioned PHP 9 billion of 4 7/8% treasury bonds due July 21, 2015 on Tuesday with an average annual rate of 4.697%, according to a government notice.
Demand for the bonds totaled PHP 13.68 billion, none of which was non-competitive.
The bonds will settle on Thursday.
| Issuer: | Republic of the Philippines
|
| Issue: | Treasury bonds
|
| Amount: | PHP 9 billion
|
| Maturity: | July 21, 2015
|
| Coupon: | 4 7/8%
|
| Average yield: | 4.697%
|
| Auction date: | July 19
|
| Settlement date: | July 21
|
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