The government on Monday raised P15 billion from the sale of Treasury bills.
The Bureau of the Treasury’s auction committee fully awarded bids for 91-, 182- and 364-day T-bills which fetched average rates of 5.774 percent, 5.922 percent and 5.968 percent, respectively.
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It said the auction was 3.8 times oversubscribed, attracting P56.5 billion in total tenders. With its decision, the committee raised the full program of P15.0 billion for the auction.
The comparative Bloomberg Valuation Service (BVAL) rates settled at 5.696 percent for the three-month tenor, 5.972 percent for the six-month tenor, and 6.080 percent for the one-year tenor.
