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Gov’t raises P30-B from T-bond sale

The Bureau of the Treasury raised P30 billion at yesterday’s auction of three-year treasury bonds at 2.375 percent coupon rate.

Total bids for the treasury bonds reached P87.96 billion, nearly three-times the P30 billion offer.

National Treasurer Rosalia de Leon said the government opened its tap facility window to raise additional P15 billion due to favorable rate. She also said that investor preference remained the three-year tenor.


Source: Manila Bulletin (https://mb.com.ph/2020/09/08/govt-raises-p30-b-from-t-bond-sale/?utm_source=rss&utm_medium=rss&utm_campaign=govt-raises-p30-b-from-t-bond-sale)

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