THE Bureau of the Treasury (BTr) has fully awarded bids for the reissued 20-year treasury bonds during yesterday’s auction amid healthy demand for the government IOUs.
With a remaining term of 19 years and 10 months, the reissued bond series fetched an average rate of 6.43 percent.
The Bloomberg Valuation Service reference rate for the 20-year tenor is 6.391 percent. The auction was 1.8 times oversubscribed with total tenders reaching P45 billion.
With its decision, the BTr raised the full program of P25 billion. This brings the total outstanding volume for the series to P77.7 billion.
Last Monday, the BTr also fully awarded bids for the auctioned treasury bills The auction was 2.4 times oversubscribed, attracting P47.4 billion in total tenders.
The BTr raised the full program of P20 billion for the auction.