The Bureau of Treasury partially awarded a planned P15 billion treasury bills Monday.
The Treasury issued just P6.7 billion of the planned auction.
The Treasury in a statement said the coupon rate for the 91-, 182-, and 364-day T-bills were capped at 4.220 percent, 4.650 percent and 4.875 percent, respectively.
A total of P20.9 billion were made for the bonds, 1.4x oversubscribed, that are divided into P5 billion for each tenor. A total of P8.3 billion was tendered for the 91-day, P7.47 billion for the 182-day, and P5.9 billion for the 364-day T-bills.
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