The government fully awarded P30 billion worth of reissued seven-year Treasury bonds at Tuesday’s auction, taking advantage of strong investor demand that drove borrowing costs lower.
The debt, identified as FXTN 10-69, fetched an average yield of 5.939 percent, down from the previous reissue in July.
Bids reached P66.7 billion, more than twice the offer, underscoring robust appetite for peso-denominated government securities.
With the auction, the Bureau of the Treasury increased the outstanding volume of the series to about P485.6 billion.
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