Jan 21, 2015

Gov’t makes full award of reissued 20-year T-bonds

MANILA, Philippines - The government made yesterday a full award of reissued 20-year Treasury bonds as the debt paper fetched lower yields on hopes of continued drop in inflation.

The Bureau of the Treasury sold P25 billion worth of bonds, maturing in March 2033, at an average rate of 3.855 percent. The yield was 124 basis points lower than the previous rate of 5.095 percent and below secondary market trading levels.

The bonds, with a remaining life of 18.2 percent, attracted a total of P73.46 billion worth of bids from banks, nearly three times the offer size of P25 billion. See More.....

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