Gov’t raises P30 B from bond sale

Published November 5, 2020, 5:30 AM

by Chino S. Leyco

The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction.

The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent.

Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers.

Gov’t raises P30 B from bond sale

The national government raised P30 billion through the sale of three-year debt papers at yesterday’s auction.

The Bureau of the Treasury fully awarded the bonds at 2.224 percent. Highest bid hit 2.245 percent, while lowest offer was at 2.199 percent.

Total tenders for the Treasury bonds reached P64.43 billion. National Treasurer Rosalia de Leon said the rate was aligned inflation forecast for October, which hovered 2.3 percent to 2.4 percent. “Strong volume indicated [investor] preference for frontend of the curve.” The treasury opted not open its tap facility to accommodate additional offers.

 
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