THE Bureau of the Treasury (BTr) has fully awarded the reissued three-year treasury bonds during yesterday’s auction amid healthy demand for the government security.
With a remaining term of two years and seven months, the reissued bonds fetched an average rate of 6.347 percent, lower than the prevailing secondary market rates.
The auction was nearly 2.4 times oversubscribed with total tenders reaching P71.4 billion.
With its decision, the BTr raised the full program of P30 billion. This brings the total outstanding volume for the series to P90 billion.
Last Monday, the BTr also fully awarded bids for the auctioned treasury bills.
The auction was more than 2.5 times oversubscribed, attracting P38.3 billion in total tenders. The BTr raised the full program of P15 billion for the auction.
