The Bureau of the Treasury (BTr) on Tuesday fully awarded the reissued seven-year Treasury bonds (T-bonds). In a statement, the BTr said the T-bonds fetched an average rate of 6.097 percent. This is lower than the original coupon rate of 6.500 percent when it was first issued in May 2022. The bonds have a remaining life of five years and 11 months. The auction attracted PHP36.6 billion in total tenders, 1.5 times the PHP25-billion offer. "With its decision, the committee raised the full program of PHP25.0 billion, bringing the total outstanding volume for the series to PHP129.7 billion," the BTr said.

Source: Philippines News Agency