Remate Express

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remate express


BTr awards Treasury bonds

By: Catherine Cueto

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THE reissued seven-year Treasury bonds had been fully awarded, the Bureau of Treasury said.

 

In a statement, the BTr said that as of the remaining term of five years and 10 months, the reissued bond had garnered an average rate of 6.099 percent – which is lower than when it was last reissued in August.

 

It also scored a prevailing secondary market rate.

 

The comparable PHP (Bloomberg Valuation Service) yield on the other hand was at 6.22 percent as of November 28.

 

The BTr said that the total tenders had a total amount of P60.3 billion.

 

Meanwhile the BTr has increased the full program of P20.0 billion.

 

This brings the total outstanding volume for the series to P165.4 billion.