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Article: P/$ rate closes at P47.85 /$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- February 18, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peso exchange rate closed lower at P47.85 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P47.50 the previous day. The weighted average rate depreciated to P47.749 from P47.35. Total volume amounted to $ 999.12 million
10-year bond fetches 7.95%
The Bureau of Treasury yesterday sold treasury bonds due February 2019 at a coupon of 7.95 percent in an auction where some of the tenders were rejected to temper the yield. Tenders for the P8.0 billion offering totaled P11.02 billion, but the BTr accepted only P7.37 billion. Had the entire offer been awarded, the coupon would have been 8.0 percent.
PSALM slates ...