By Richard Connell
New York, Sept. 23 - The Philippines Bureau of the Treasury announced that it sold a PHP 2.9 billion add on to its 7.125% bonds due Nov. 2, 2013 to yield 7.086%.
For the PHP 7 billion offering, bids were tendered for PHP 10.69 billion and accepted for PHP 2.9 billion.
Prices ranged from 99.99 to 100.519 with an average price of 100.154, while yields ranged from 7% to 7.125% with an average yield of 7.086%.
Issuer: Philippines Bureau of the Treasury
Issue: Add on to Treasury bonds
| Amount: | PHP 2.9 billion
|
| Maturity: | Nov. 2, 2013
|
| Coupon: | 7.125%
|
| Price: | 100.154
|
| Yield: | 7.086%
|
| Auction date: | Sept. 23
|
| Settlement date: | Sept. 25
|
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