The Bureau of the Treasury (BTr) has fully awarded bids for the treasury bills auctioned yesterday amid strong investor demand for the short-term IOUs.
Tenders for the government securities reached P52.758 billion, more than five times oversubscribed.
The BTr awarded P10 billion as programmed.
“Saw strong participation with today’s auction being last for treasury bills, and redemption of P28.56 billion this week including maturing premyo bonds,” Rosalia de Leon, national treasurer, told reporters via Viber.
The 91-day paper fetched a rate of 1.125 percent, 3 basis points (bps) lower than the previous average of 1.155 percent.
Tenders amounted to P16.757 billion, more than eight times oversubscribed with the BTr granting a full award of P2 billion.
As for the 182-day IOUs, the recorded rate is at 1.428 percent, 1.5 bps down versus previous average of 1.443 percent.
Demand reached P19.36 billion, more than six times the P3 billion programmed which was fully awarded by the BTr.
Lastly, the rate for the one-year securities is 1.649 percent, 0.6 bp up from the previous average of 1.643 percent.
The tendered amount reached P16.641 billion, with the government awarding P5 billion as programmed.
Meanwhile, the government has declared “failed bidding” for five luxury vehicles that were placed on the auction block yesterday.
The auction of the cars held in the BTr yesterday was livestreamed on Facebook.
No bidders participated in the auction of the Porsche Boxster (2001 model) with a floor price of P1.8 million, Mercedes SLK 350 (2001 model) with a floor price of P1.25 million, Ferrari Scuderia 430 (2008 model) with a floor price of P23.22 million, Mercedes Benz SLK55 (2001 model) with a floor price of P1.32 million and Mercedes Benz E220 (2011 model) with a floor price of P1.49 million.
The vehicles were all seized in May and June this year and were issued final and executory orders of forfeiture by the Bureau of Customs.
