THE Bureau of the Treasury (BTr) has fully awarded the reissued five-year treasury bonds during yesterday’s auction as it saw healthy demand from investors.
With a remaining term of four years and five months, the reissued securities fetched an average rate of 5.954 percent.
This is broadly in line with prevailing secondary market rates.
The auction was 3.7 times oversubscribed with total tenders reaching P55.8 billion.
With its decision, the BTr raised the full program of P15 billion.
This brings the total outstanding volume for the series to P249.7 billion.
Last Monday, the BTr fully awarded bids for the auctioned treasury bills as the short-term IOUs saw strong demand.
The auction was 3.1 times oversubscribed, attracting P47.2 billion in total tenders. The BTr raised the full program of P15 billion for the auction.
