THE Bureau of the Treasury (BTr) has fully awarded the reissued 20-year treasury bonds during yesterday’s auction.
With a remaining term of six years and 11 months, the securities fetched an average rate of 6.128 percent.
The Bloomberg Valuation Service reference rate for the seven-year tenor is 6.117 percent.
The auction was 2.4 times oversubscribed with total tenders reaching P73.3 billion.
With its decision,the BTr raised the full program of P30 billion.
This brings the total outstanding volume for the series to P383.3 billion.
Last Monday, the BTr also fully awarded bids for its auctioned treasury bills.
The auction for the short-term IOUs was 2.6 times oversubscribed, attracting P52.5 billion in total tenders.
The BTr raised P20 billion as planned for the treasury bills.
