![PH sells_0103](https://firstmetro.com.ph/wp-content/uploads/2024/01/PH-sells_0103.jpg)
- The Philippine Bureau of the Treasury in Manila said the average yield on its 3-year bond at auction was 5.900% with a coupon of 6.000%.
- Total sold 30b pesos ($538.3m); total bids 53.28b pesos
** Accepted competitive tenders 30b pesos ($538.3m)
** Auction was oversubscribed; full award, 30b pesos offered - Bonds newly issued Jan. 3, maturing Jan. 4, 2027
- Bid/cover ratio at 1.776; all bids in prior auction were rejected