The Bureau of the Treasury (BTr) said Tuesday it awarded the reissued 10-year Treasury bonds (T-bonds) amid strong demand from investors.
The T-bond, with a remaining term of nine years and four months, fetched an average rate of 5.967 percent, lower than both its previous reissuance and the prevailing secondary market rate.
The auction was 3.2-times oversubscribed, with total tenders reaching P96.3 billion, relative to the P30-billion offering.
The auction committee’s decision raised the full program of P30 billion, bringing the total outstanding volume for the series to P231.9 billion.
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