BTr fully awards Tbonds

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THE Bureau of the Treasury (BTr)has fully awarded the 10-year treasury bonds auctioned yesterday amid significant demand, even opening the tap facility window to accommodate strong interest from investors.

The auction was 3.2 times oversubscribed, with total tenders reaching P95.6 billion relative to the P30 billion offering.

“This outcome mirrors the success of the previous week’s treasury bond result, which followed the release of better-than-anticipated domestic CPI data for June and comments from the Bangko Sentral ng Pilipinas on the trajectory of its policy rate,” the BTr said in a statement.

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The BTr raised the full program of P30 billion, bringing the total outstanding volume for the series to P171.9 billion.

Following the auction, the BTr opened the tap facility window for the said tenor for another P20 billion. Instead, the BTr even raised another P30 billion, as tenders reached P38.76 billion.

With a remaining term of nine years and six months, the bond series fetched an average rate of 6.212 percent, lower than both its previous reissuance and the prevailing secondary market rate.

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