Treasury fully awards P15B in T-bonds
The Bureau of the Treasury fully awarded the reissued T-bonds it offered Tuesday amid robust demand from investors.
All P15 billion worth of five-year treasury bonds with a remaining life of four years and six months were sold at an average rate of 4.226 percent.
In a statement, the Treasury said the yield was “within internal estimates.”
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Tenders totaled P21.144 billion, making the auction oversubscribed.
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The IOUs were issued on Jan. 26, 2017, and will mature on Jan. 26, 2022.
The Treasury will auction off P195 billion in T-bills and T-bonds during the third quarter, up from the P180-billion program during each of the first two quarters of 2017. /atm
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