The national government only raised a little over half of the proceeds it intended to raise on Monday’s Treasury bills (T-bills) auction, according to the Bureau of the Treasury (BTr).
THE national government only raised a little over half of the proceeds it intended to raise on Monday’s Treasury bills auction, according to the Bureau of the Treasury .
“The Auction Committee decided to fully award bids for the 91-day T-bill while partially awarding the 182- and 364-day T-bills,” BTr said. “The auction was 1.6 times oversubscribed, attracting P24 billion in total tenders.” For the 364-day T-bills, these received an average annual interest rate of 5.1 percent. The government received P3.2 billion worth of tenders for these notes.
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