Gov’t fully awards dual-tranche T-bond offering - BusinessWorld Online

Gov’t fully awards dual-tranche T-bond offering - BusinessWorld Online

THE GOVERNMENT made a full award of the dual-tranche Treasury bonds (T-bonds) it offered on Tuesday at average rates close to comparable secondary market levels following slower-than-expected September inflation. The Bureau of the Treasury (BTr) raised P35 billion as planned via its dual-tenor T-bond offer as total bids reached P77.776 billion, or more than double the amount placed on the auction block. Broken down, the Treasury borrowed the pro…