The Bureau of the Treasury (BTr) said it raised P30.64 billion from the calendared P35 billion auction of five-year treasury bonds Tuesday.
The BTr awarded the bonds which have a tenor of four years and 10 months to maturity, with the coupon pegged at 7.131 percent for the reissued treasury bonds.
National Treasurer Rosalia de Leon said the treasury bonds’ rate “is still within secondary level with modest premium to account for illiquidity premium and expectation for point by point match rate hike by BSP (Bangko Sentral ng Pilipinas) with that of the US Fed.”
De Leon said the coupon rate also took note of the inflation environment which has yet to peak “with added pressure from supply constraints due to past typhoon damages.” – Ruelle Castro
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