The Bureau of the Treasury (BTr) has fully awarded bids for the new 10-year treasury bonds auctioned yesterday amid healthy demand for the fresh IOUs.
The auction was 2.2 times oversubscribed as total tenders amounted to P66.8 billion.
The BTr raised the full amount of P30 billion as programmed.
The newly issued securities fetched a coupon rate of 6.625 percent.
The Bloomberg Valuation Service reference rate for the same tenor is 6.58 percent.
Last Monday, the BTr’s treasury bills auction ended with mixed results as rates were capped for the half-year and one-year IOUs.
The BTr fully awarded bids for the 91-day paper while partially awarding the 182- and 364-day securities.
The auction was 2.7 times oversubscribed, with total tenders reaching P40.4 billion.
With its decision, the BTr raised P12.2 billion of the P15 billion total offering.
