The Bureau of the Treasury (BTr) said Tuesday it awarded the reissued 10-year Treasury bonds (T-bonds) amid strong demand from investors.
The T-bond, with a remaining term of nine years and four months, fetched an average rate of 5.967 percent, lower than both its previous reissuance and the prevailing secondary market rate.
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The auction was 3.2-times oversubscribed, with total tenders reaching P96.3 billion, relative to the P30-billion offering.
The auction committee’s decision raised the full program of P30 billion, bringing the total outstanding volume for the series to P231.9 billion.
