Treasury sells P30B in T-bonds amid strong demand

By: - Reporter / @bendeveraINQ
/ 05:03 PM October 15, 2019

Amid robust demand, the Bureau of the Treasury on Tuesday, Oct. 15, not only disposed of all P20 billion in T-bonds it initially offered but also sold P10 billion more under its tap facility.

The new five-year treasury bonds maturing on Oct. 17, 2024 were sold at a coupon rate of 4.25 percent.


The last time that the Treasury issued five-year debt paper was last February when it sold retail treasury bonds (RTB) having the same maturity period, which fetched a higher rate of 6.25 percent.


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: auction, Bonds, Debt, facility, subscribe, T-bills, Treasury
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.