Govt awards P30B Tbonds


    The government has fully awarded bids for the reissued five-year treasury bonds yesterday, amid healthy demand for the debt securities.

    The auction attracted total tenders of P65.9 billion, more than twice the P30 billion offer.

    With a remaining term of four years and nine months, the security fetched an average rate of 2.9 percent.

    The said figure is 11.8 basis points higher than the previous average of 2.782 percent.

    “(The rate is) aligned with secondary market as vaccine breakthrough lift market,” Rosalia de Leon, national treasurer, said in a text message to reporters.

    Aside from the regular treasury bills and bonds issuances, the government’s offer for premyo bonds is still ongoing.

    The second premyo bonds has a minimum issue size of P3 billion, proceeds of which will be used to fund the country’s response to coronavirus disease 2019 as well as boost the Philippine economy.

    The public offer period runs from November 11 to December 11, 2020, with issue date on Dec. 16, 2020.