The Bureau of the Treasury (BTr) has fully awarded the reissued 25-year treasury bonds yesterday as these fetched a lower rate and amid healthy demand.
The auction for the government IOUs with remaining life of 19 years and 26 days was oversubscribed, attracting tenders of P56 billion.
The committee raised P35 billion as programmed.
“Healthy demand, good rates in today’s auction,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.
“Seeing appetite for long tenors for better yields,” she added.
The securities fetched an average rate of 4.986 percent, 9.8 basis points lower than the previously recorded 5.084 percent.
De Leon said the BTr also opened the tap facility window for the same tenor for another P7 billion.
Last Monday, the BTr also fully awarded bids for the auctioned 91-day, 182-day and 364-day treasury bills.
The auction for the short-term IOUs was more than three times oversubscribed with total bids reaching P53.3 billion.
