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BTr awards P10-B T-bonds in full

The Bureau of Treasury (BTr) has fully awarded the re-issued PHP10-billion treasury bonds (T-bonds) at average yield of 5.592 percent on Wednesday’s auction.

It fetched a total bid of PHP18.9 billion, showing a strong market demand for the T-bonds.

“With the auction result, outstanding securities for the series now stand at PHP22.03 billion,” the BTr said in a statement.

The said T-bonds were originally issued last March 8. It now has a remaining life of four years and 10 months.

Kris Crismundo / PNA