The Bureau of the Treasury sold P35 billion in reissued 25-year Treasury bonds (T-bonds) on Tuesday as investors remain attracted to longer tenors.
THE Bureau of the Treasury sold P35 billion in reissued 25-year Treasury bonds on Tuesday as investors remain attracted to longer tenors.
Given the auction results, De Leon said they will continue to offer debt papers with long tenors under the government’s domestic borrowing program for August.Strong demand for the longer tenor was evident, pushing the average even lower than those from the secondary market benchmark rates. To accommodate the demand, the Treasury also decided to open the tap facility window to raise an additional P10 billion.As of end-May, the national government’s outstanding debt dipped to P12.5 trillion from a record-high of P12.76 trillion as of end-April due to its repayment of a P300 billion short-term, zero-interest loan from BSP.
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