The Bureau of the Treasury (BTr) partially awarded the 182-day treasury bills Monday, cutting the government’s planned P15 billion IOU to just P14.6 billion.
National Treasurer Rosalia de Leon said the government fully awarded the rest of the treasury bills auction due to “lower than comparable secondary levels.”
The government was earlier looking to raise P5 billion each for the 91-day, 182-day and 364-day treasury bills.
The auction attracted a total tender of P32.19 billion, with the 91-day paper attracting P8.86 billion, the 182-day IOUs attracting P7.78 billion in bids and the P364-day treasury bills attracting P15.55 billion offers.
The three-month paper was awarded at a coupon of 4.23 percent, the 182-day treasury bill at a coupon of 4.949 percent, while the 364-day IOU was awarded at a coupon of 5.298 percent.
The BTr, meanwhile, said it is canceling the auction of the three-year treasury bond auction today to pave the way for the facilitation of the P30-billion, 6.125-percent coupon, 5.5-year Retail Treasury Bond that will run until February 17. – Ruelle Castro
