BTr fully awards reissued T-bonds

By Anna Leah Gonzales

March 19, 2024, 4:45 pm

MANILA – The Bureau of the Treasury (BTr) on Tuesday fully awarded the reissued 20-year Treasury bonds (T-bonds).

The reissued T-bonds fetched an average rate of 6.189 percent, lower than the 6.250 percent coupon set upon the original issuance and the prevailing secondary market benchmark.

The Treasury bond has a remaining term of 19 years and 11 months.

Total tenders amounted to PHP60.9 billion.

The BTr raised the full program of PHP30 billion, bringing the total outstanding volume for the series to PHP60 billion. (PNA)