MANILA (Thomson Financial) - The Bureau of Treasury sold 54.9 billion pesos worth of three and five-year retail treasury bonds during the entire regular offering period from Monday to today and will sell retail bonds over the counter Wednesday to government-owned and controlled corporations.
'The government expects to raise (an additional) 21 billion pesos from the over-the-counter sales,' said Roberto Dispo, executive vice-president of First Metro Investment Corp, one of the issue managers for the retail bonds.
Previously, the Treasury fixed the coupon rates for the three-year and five-year retail bonds at 6.875 percent and 7.125 percent, respectively.
(1 US dollar = 45.34 pesos)
rocel.felix@thomson.com
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