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Philippines sells $7.2 bln of peso retail treasury bonds

November 29, 2021By Reuters

The Philippines said on Monday it had sold 360 billion pesos ($7.2 billion) of new retail treasury bonds, which include 330.5 billion pesos in fresh cash intended for budgetary support.

The total proceeds from the sale of 5-1/2-year bonds also include 29.5 billion pesos representing the portion for a bond exchange for notes due in 2022, the Bureau of the Treasury said in a statement.

($1 = 50.37 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)


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