THE Bureau of the Treasury (BTr) has fully awarded the reissued 20-year treasury bonds during yesterday’s auction amid healthy demand for the government IOUs.
With a remaining term of three years and one day, the securities fetched an average rate of 6.025 percent.
In comparison, the Bloomberg Valuation Service reference rate is 6.017 percent.
The auction was 1.6 times oversubscribed with total tenders reaching P49.4 billion. With its decision, the BTr raised the full program of P30 billion.
This brings the total outstanding volume for the series to P121.1 billion.
Last Monday, the BTr upsized the amount it awarded for the auctioned treasury bills amid significant demand for the short-term IOUs.
The auction was 2.7 times oversubscribed with total bids reaching P53.1 billion, prompting the BTr to increase the accepted non-competitive bids for the 182-day securities.
With its decision, the BTr raised a total of P22.6 billion compared to the P20 billion initial offer.
