• The Philippine Bureau of the Treasury in Manila said the average yield on its 3-year bond at auction was 6.007% with a coupon of 6.000%.
• Total sold 30b pesos ($531.6m); total bids 62.43b pesos
  ** Accepted competitive tenders 27.08b pesos ($479.8m)
  ** Accepted non-competitive tenders 2.92b pesos ($51.8m)
  ** Auction was oversubscribed; full award, 30b pesos offered
• Reopening, originally issued Jan. 4, 2024, maturing Jan. 4, 2027
• Bid/cover ratio at 2.081, higher than 1.776 previously