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Economy
1 MIN READ
Philippines rejects all bids for 7-year T-bond at auction
December 14, 2021
By Reuters
By Reuters
MANILA, Dec 14 (Reuters) –
* Philippines’ Bureau of the Treasury rejects all bids for its offer of 20 billion pesos ($397.3 million) of re-issued 7-year T-bond at an auction on Tuesday
* Tenders reached 52.267 billion pesos, with an average rate of 4.395%.
* Details on the BTr’s website www.treasury.gov.ph
($1 = 50.345 Philippine pesos)
(Reporting by Enrico Dela Cruz; Editing by Martin Petty)
This article originally appeared on reuters.com