Philippines raises $2.35 bln from retail treasury bond auction

MANILA, Feb 15 (Reuters) – The Philippines’ Bureau of the Treasury (BTr) said it raised an initial 120.764 billion pesos ($2.35 billion) in an auction on Tuesday of five-year retail treasury bonds targetted at individual investors, with the coupon rate fixed at 4.875%.

Holders of previously issued fixed-rate treasury notes maturing on March 14 and July 4 can also swap their holdings for the peso-denominated 2027 retail bonds, the BTr said in a notice.

($1 = 51.3650 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com;))