MANILA— The Philippines’ Bureau of the Treasury (BTr) said it raised an initial 162.72 billion pesos ($2.90 billion) in an auction on Tuesday of 2028 retail treasury bonds targeted at individual investors, with the coupon rate fixed at 5.75%.
Holders of previously issued fixed-rate treasury notes maturing this year and in 2023 can also swap their holdings for the peso-denominated retail bonds, the BTr said in a notice.
($1 = 56.2000 Philippine pesos)
—Reporting by Karen Lema
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