MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded the re-issued 10-year Treasury bonds (T-bonds).
With a remaining term of nine years and eight months, the re-issued bond fetched an average rate of 6.224 percent, lower than the 6.781 percent when it was last re-issued Nov. 14.
The auction was well received by the market with total tenders reaching PHP40.7 billion.
With its decision, the Committee raised the full program of PHP20 billion.
This brings the total outstanding volume for the series to PHP140 billion.
"In addition, the funds raised from this auction allowed the Bureau of the Treasury (BTr) to complete its domestic funding requirements for the year," the BTr said.
"As a result, the BTr has decided to cancel its remaining auctions for the year," it added. (PNA)