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Rates & Bonds
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Philippines raises $621 million via 2032 T-bond re-issue; yield down
July 19, 2022
By Reuters
By Reuters
MANILA, July 19 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2032 T-bonds on Tuesday:
* BTr fully awards 35 billion pesos ($621.23 million) offer
* Tenders total 123.318 billion pesos
* Average yield 6.865% vs previous avg rate 7.145%
* Bonds were originally issued on June 23
* Details are on the BTr’s website www.treasury.gov.ph
(USD 1 = 56.34 Philippine pesos)
(Reporting by Enrico Dela Cruz; Editing by Ed Davies)
This article originally appeared on reuters.com