BTr raises P30B Tbonds

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The Bureau of the Treasury raised P30 billion from its latest round of sale of a 20-year treasury bonds Tuesday.

The T-Bills carry a coupon of 6.25 percent, with bids reaching P91.4 billion – an oversubscription of 3.04x.

The BTr noted the T-Bonds was awarded with a coupon below the prevailing secondary market rates.

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Securities of the same tenor in the Philippine Dealing and Exchange Corp. have been trading at a coupon of 6.405 percent as of Monday.

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