MANILA -The national government raised P25 billion in fresh funds to support expenses beyond its revenues, fully awarding its offer of re-issued 20-year Treasury bonds. The auction committee led by the Bureau of the Treasury said in a statement that the offer attracted P51.7 billion in total tenders, which was 2.1 times the volume available. Wednesday's offering was originally issued in February 2018 at a coupon rate of 6.5 percent. The auction saw rates average 41.5 basis point (bps) lower at 6.

https://business.inquirer.net/405358/govt-borrows-p25b-via-20-year-bonds

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