The national government is on a roll after it successfully raised P35 billion from the auction of Treasury bonds (T-bonds) for the seventh consecutive time. Know more:
THE national government is on a roll after it successfully raised P35 billion from the auction of Treasury bonds for the seventh consecutive time.
The reissued 10-year T-bonds fetched an average rate of 6.258 percent compared to the 6.351 percent secondary market benchmark rate for the same tenor of debt paper. “With 9 years and 6 months to maturity, the security fetched an average rate of 6.258 percent, which is below secondary market benchmark rates,” the Treasury said in a statement.
Tuesday’s auction was 2.63-times oversubscribed as the total amount tendered by investors reached P92.254 billion, Treasury data showed.
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