The Bureau of the Treasury (BTr) has fully awarded bids for the reissued seven-year treasury bonds yesterday as it fetched a lower rate.
With five years and 11 months to maturity, the security fetched an average rate of 6.097 percent. This is lower than the original coupon rate of 6.5 percent when it was first issued in May 2022.
The auction attracted P36.6 billion in total tenders, equivalent to 1.5 times the BTr’s offer.
With its decision, the government raised the full program of P25 billion.
Thus, the total outstanding volume for the series amounted to P129.7 billion.
Last Monday, the BTr partially awarded the 91-day, 182-day and 364-day IOUs as it capped rates across all tenors.
The auction committee awarded P8.8 billion of the P15 billion programmed for the short-term securities. – Angela Celis
