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April 12, 2024

Investors flock to BTr auction, P30 billion raised for gov’t projects

The Bureau of the Treasury (BTr) successfully sold its entire offering of reissued treasury bonds today, raising its target amount of P30 billion.

The bonds have a remaining maturity of six years and nine months.

The auction attracted strong investor interest, with total bids reaching P40.2 billion, exceeding the government’s program by 1.3 times. This resulted in a competitive average rate of 6.299% for the securities.

With this successful auction, the BTr has brought the total outstanding volume for this series to P95 billion.