The Bureau of the Treasury (BTr) has fully awarded the new five-year treasury bonds auctioned yesterday amid healthy demand for the government IOU.
The coupon rate for the fresh issuance was recorded at 6.125 percent.
In comparison, the Bloomberg Valuation Service reference rate for the same tenor is 6.03 percent.
The auction was nearly 2.5 times oversubscribed as total submitted bids amounted to P74.3 billion.
With its decision, the BTr raised the full program of P30 billion.
Last Monday, the BTr upsized the amount it awarded for the auctioned treasury bills.
The auction was 3.1 times oversubscribed, attracting P46.9 billion in total tenders.
This prompted the BTr to double the accepted volume of non-competitive bids for the 91- and 182-day securities.
The BTr thus raised P19 billion compared to the P15 billion initial program.
