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The Bureau of the Treasury said it has fully awarded the P15 billion treasury bills it planned to raise Monday, with tenders reaching P56.9 billion.
The P5 billion 90-day T-bills fetched an average coupon rate of 1.078 percent and a tender of P14.38 billion.
The 182-day T-bills had an average coupon rate of 1.405 percent with tenders reaching P21.34 billion.
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The 364-day T-bills, meanwhile, fetched an average coupon rate of 1.609 percent with tenders reaching P21.18 billion.
“The auction was almost 4x oversubscribed with total tenders reached P56.9 billion. With its decision, the Committee raised the full program of P15 billion for the auction,” the Treasury said. – Ruelle Castro
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