MANILA, April 27 - The Philippines raised $500 million from the sale of retail, multi-currency bonds to small investors and institutional buyers, National Treasurer Roberto Tan said on Tuesday.
"We've completed the total tender of $500 million," Tan said, adding the information was based on preliminary information he had received.
He said there were no plans to cancel more Treasury debt auctions after the bond offer. Manila had scrapped Tuesday's sale of 8.5 billion pesos worth of 5-year bonds following the retail bond issue.
The government had raised nearly $350 million from an auction of the foreign currency bonds on April 21. The rest of the amount was sold during the public offer which ended on Tuesday.
The government sold $200 million worth of 3-year U.S. dollar bonds at a coupon rate of 2.875 percent at an auction on April 21. It also sold 5-year U.S. dollar bonds at a coupon rate of 4.125 percent to raise $98 million.
Manila also auctioned 5-year and 3-year Euro bonds worth $4 million Euros and 35 million Euros, respectively.
