The Bureau of the Treasury (BTr) has fully awarded bids for the reissued 13-year treasury bonds auctioned yesterday as it fetched a lower rate.
With a remaining term of 12 years and 11 months, the security fetched an average rate of 5.854 percent.
The said figure is lower than the original coupon rate of 6.25 percent set on its first issuance last April.
The auction was 2.7 times oversubscribed with total tenders reaching P68.4 billion.
With its decision, the BTr raised the full program of P25 billion, bringing the total outstanding volume for the series to P44.5 billion.
Last Monday, the BTr also fully awarded the auctioned treasury bills as rates were aligned with secondary market levels.
The auction was four times oversubscribed with total bids reaching P59.6 billion.
The BTr raised the full program of P15 billion as planned. – Angela Celis
