milyon88 BTr fully awards T-bonds
Bureau of the Treasury
MANILA. Philippines – The Bureau of the Treasury (BTr) fully awarded the reissued 20-year Treasury bonds (T-bonds) on Tuesday.
With a remaining term of 19 years and six months, the reissued bond fetched an average rate of 6.095 percent, lower than the original coupon rate of 6.875 percent set on its original issuance in May 2024.
Article continues after this advertisementREAD: Bureau of Treasury fully awards T-bills
FEATURED STORIES BUSINESS BIZ BUZZ: Razon cries foul BUSINESS Missing funds prompt BSP probe of GCash BUSINESS JK Capital Finance locks in P300-million credit guaranteeIt was, however, slightly higher than the comparable 29-year PHP Bloomberg Valuation Service yield at 6.06 percent as of Nov. 11.
Rizal Commercial Banking Corporation chief economist Michael Ricafort said this was after the comparable 20-year U.S. Treasury yield hovered among 3.5-month highs at 4.57 percent.
Article continues after this advertisement“The 20-year T-bond average auction yield also higher after the U.S. dollar/peso exchange rate traded at new 4.5-month highs at 58.80 levels lately that could lead to higher importation costs,” he said.
Article continues after this advertisementThe auction was 1.8 times oversubscribed with total tenders reaching P27 billion.
With its decision, BTr raised the full program of P15 billion, bringing the total outstanding volume for the series to P142.7 billion. (PNA)
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