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Economy
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Philippines raises $481 mln from T-bond auction
May 11, 2022
By Reuters
By Reuters
MANILA, May 11 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2027 T-bonds on Wednesday:
* BTr accepts bids of 25.1 billion pesos ($480.57 million), below offer of 35 billion pesos and against total tenders of 55.297 billion pesos
* Average yield at 5.772%
* The bonds were first issued in May, 2017
* Details on the BTr’s website www.treasury.gov.ph
($1 = 52.23 Philippine pesos)
(Reporting by Enrico Dela Cruz)
This article originally appeared on reuters.com