The Bureau of the Treasury (BTr) has fully awarded bids for the reissued treasury bonds auctioned yesterday amid healthy demand for the government IOUs.
The auction attracted tenders of P77.1 billion, more than twice oversubscribed.
With its decision, the BTr fully awarded the P35 billion as programmed.
The bonds have a remaining life of six years and 11 months.
The securities fetched a rate of 3.789 percent, 11.5 basis points higher than the previous average of 3.674 percent.
“Good volume at rates within secondary range despite 4.9 percent inflation print,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.
De Leon said the BTr opened the tap facility window for the same tenor for another P5 billion.
Last Monday, the BTr also awarded bids for the treasury bills auctioned amid strong market demand and as rates fell below secondary market levels.
The auction was almost four times oversubscribed with tenders reaching P56.9 billion.
The BTr thus raised the P15 billion it programmed. – Angela Celis
