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The Bureau of Treasury said it has fully awarded the P35 billion treasury bill with a tenor of seven years.
The Treasury said that the government security fetched a coupon rate of 3.75 percent, amid a total tender of 63.7 billion, “almost twice the P35 billion offer.”
“With its decision, the committee was able to rate the full program of P35 billion,” the Treasury said.
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National Treasurer Rosalia de Leon said the government has opened its tap facility for an extra P10 billion offer of the same government security.
