The Bureau of the Treasury (BTr) said it raised P30 billion from the reissued 10-year Treasury bonds (Tbonds) due 2034.
The BTr said it fully awarded the Tbonds which attracted a total bid of P96.1 billion, hitting a 3.2x oversubscription.
With a remaining term of nine years and 10 months, the Tbonds fetched an average rate of 6.227 percent.
“With its decision, the committee raised the full program of P30.0 billion, bringing the total outstanding volume for the series to P65.0 billion,” the BTr said.