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The Bureau of the Treasury (BTr) raised a total of P15 billion in its latest round of Treasury bills auction, fully awarding the 91-day, 182-day and 364-day Tbills.
The agency said government IOUs fetched average rates of 5.712 percent, 5.864 percent and 6.007 percent, respectively – all lower than previous auction and secondary market benchmark rates.
“The auction was nearly 4 times oversubscribed, attracting P59.3 billion in total tenders,” the BTr said.
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The government offered to banks P5 billion each of the three Tbill tenors, with the three month-maturing Tbills attracting P19.1 billion, the six-month Tbills attracting P19.4 billion and the one-year Tbills attracting P20.9 billion offers.
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