(File photo)
MANILA – The Bureau of the Treasury (BTr) fully awarded the reissued seven-year Treasury bonds (T-bonds) during Tuesday's auction.
With a remaining term of four years and eight months, the reissued T-bonds fetched an average rate of 6.058 percent.
The average rate was lower than the 6.107 percent when it was last reissued.
The auction was 2.3 times oversubscribed with total tenders reaching PHP69.1 billion.
With its decision, the BTr raised the full program of PHP30 billion, bringing the total outstanding volume for the series to PHP219.7 billion. (PNA)
