BTr raises P30B 

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The government raised P30 billion in its latest sale of IOUs, making available for tender the seven-year Treasury bonds (T-bonds).

The Bureau of the Treasury (BTr) said it fully awarded the reissued debt that has a remaining term of six years and 10 months, due Jan. 18, 2031.

Bids reached P50.06 billion, making the offer 1.7x oversubscribed.

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The T-bonds carried a coupon of 6.27 percent with offers ranging between 6.198 percent and 6.345 percent.

“With its decision, the committee raised the full program of P30 billion, bringing the total outstanding volume for the series to P65 billion,” the BTr said.

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