MANILA  -The partial award of government securities on offer continued this week as the auction committee led by the Bureau of the Treasury raised only P26.6 billion out of the planned P30 billion. With four years and seven months left until maturity of the Treasury bonds, the committee moved to cap the average rate at 6.337 percent. This was 8.7 basis points higher than the coupon rate of 6.25 percent that was set when the T-bonds were originally issued in March 2019. Had the committee decided for a full award, the average rate would have jumped by 53.

https://business.inquirer.net/413637/govt-raises-p26-6b-from-t-bond-auction

#inquirer