• The Philippine Bureau of the Treasury in Manila said the average yield on its 20-year bond at auction was 6.189% with a coupon of 6.250%.
• Total sold 30b pesos ($537.4m); total bids 60.95b pesos
  ** Accepted competitive tenders 18b pesos ($322.5m)
  ** Accepted non-competitive tenders PHP12b ($215.0m)
• Reopening, originally issued Feb. 28, 2024, maturing Feb. 28, 2044
• Bid/cover ratio at 2.032, lower than 3.047 previously
  ** Auction was oversubscribed; full award, 30b pesos offered
• PH0000058240