- Advertisement -
The Bureau of the Treasury’s (BTr) auction for its new treasury bonds saw significantly high demand, prompting it to open the tap facility window for the same tenor.
Tenders for the fresh issuance reached P107.1 billion, 3.6 times oversubscribed.
The BTr thus decided to raise the full program of P30 billion.
- Advertisement -
Due to the significant interest of investors, the BTr opted for a tap facility public offering for the seven-year IOUs for another P5 billion.
The said amount was immediately raised, with demand reaching P49.399 billion.
The coupon rate for the government security was set at 6.125 percent.
The Bloomberg Valuation Service reference rate for the same tenor is 6.123 percent.
