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Rates & Bonds 1 MIN READ

Philippines sells USD 409 million worth of seven-year T-bonds

October 11, 2022

By Reuters

MANILA, Oct 11 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of a new issue of 2029 T-bonds on Tuesday:

* BTr awards 24.125 billion pesos (USD 409.04 million), below 35 billion pesos offer

* Coupon rate at 7.0%

(USD 1 = 58.98 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@thomsonreuters.com))

This article originally appeared on reuters.com

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