The Bureau of the Treasury (BTr) made a full award on the 10-year treasury bonds auctioned yesterday as it fetched low rates and amid strong market demand.
The sale of said government securities attracted total tenders of P59.7 billion, almost twice the P30 billion offer which was fully awarded by the auction committee.
The new 10-year issuance fetched a coupon rate of 2.875 percent, 400 basis points lower than the 6.875 percent coupon for the last 10-year bonds issued in January 2019.
“Inflation remains benign at 2.5 percent. Market still awash with liquidity,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
De Leon earlier said the BTr will be offering retail treasury bonds (RTBs) next week, with the auction to be held on July 16.
“We are taking advantage of low rates and (will) provide secure investment outlets,” de Leon said.
“(This is a) win-win proposition and demonstrates our solidarity against pandemic,” she added.
De Leon said funds to be raised from the RTBs will be used for budgetary support, while all other details will be released within the week.
The RTBs are offered to the general investing public at minimum denominations of P5,000
