• The Philippine Bureau of the Treasury in Manila said the average yield on its 3-year bond at auction was 6.347% with a coupon of 6.000%.
• Total sold 30b pesos ($517.9m); total bids 71.4b pesos
  ** Accepted competitive tenders 19.28b pesos ($332.9m)
  ** Accepted non-competitive tenders 10.72b pesos ($185.0m)
  ** Auction was oversubscribed; full award, 30b pesos offered
• Reopening, originally issued Jan. 4, 2024, maturing Jan. 4, 2027
• Bid/cover ratio at 2.380, higher than 2.081 previously
• PH0000058109