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Economy
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Philippines raises $667 mln from T-bond auction
May 4, 2022
By Reuters
By Reuters
MANILA, May 4 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2025 T-bonds on Wednesday:
* BTr fully awards offer worth 35 billion pesos ($667.17 million) against total tenders of 41.492 billion pesos
* Average yield at 4.598% versus previous avg rate of 4.210%
* The bonds were first issued on April 7
* Details on the BTr’s website www.treasury.gov.ph
($1 = 52.46 Philippine pesos)
(Reporting by Enrico Dela Cruz)
This article originally appeared on reuters.com