er of new 20-year papers on Tuesday, less than the programmed P35 billion, even as total bids reached P70.361 billion or over twice as much as the amount on the auction block.
“The Auction Committee partially awarded the new 20-year Treasury bonds at today’s auction, capping the coupon rate at 8.125%. The auction was more than twice oversubscribed as total submitted bids amounted to P70.4 billion,” the BTr said in a press release on Tuesday. The BTr raised P35 billion as planned from its offer of 25-year papers as total bids reached P80.953 billion. The bonds, which have a remaining life of 11 years and 11 months, were awarded at an average rate of 8.168%, 91.2 bps lower than the 9.08% average quoted for the papers when they were“However, given another partial award, the BTr has awarded less compared to its schedule,” the trader added in a text message.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BTr partially awards fresh 20-year bonds - BusinessMirrorTHE national government on Tuesday borrowed more than three-fourths of its intended total amount of P35 billion from the sale of Treasury bonds, according to the Bureau of the Treasury (BTr). The Treasury said its Auction Committee partially awarded P27.6 billion of its fresh 20-year T-bonds with a coupon rate at 8.125 percent. The Treasury
Source: BusinessMirror - 🏆 19. / 59 Read more »
NG raises ₧10.55B of ₧15-billion Treasury bills offered - BusinessMirrorTHE national government raised P10.55 billion from the partial award of Treasury Bills on Monday, according to the Bureau of the Treasury (BTr). The government initially intended to raise P15 billion from the auction of its T-Bills. The BTr said the auction was nearly twice oversubscribed, attracting P29.4 billion in total tenders. “Results were mixed
Source: BusinessMirror - 🏆 19. / 59 Read more »
Malaysia's Anwar, Muhyiddin rush to meet deadline to form governmentKing Al-Sultan Abdullah gives political parties until 2 pm on November 22 to put together alliances needed for a majority.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Government likely lost ₧.5B in tariff cuts on agri imports - BusinessMirrorTHE government may have lost over half a billion pesos in tariff collections due to Executive Order 171 which reduced tariffs on imports of various commodities, according to the Federation of Free Farmers (FFF). These losses, FFF said, should be enough reason for President Ferdinand Marcos Jr. to reject his economic managers’ proposal to retain
Source: BusinessMirror - 🏆 19. / 59 Read more »
Digitalization of government processes gets ₧12.47-B budget from DBM - BusinessMirrorA transparent government requires digitalization, and the current administration is investing billions of the national budget for next year to finance various digital interventions, according to the Department of Budget and Management (DBM). At the Stratbase Albert Del Rosario Institute’s Pilipinas Conference on Monday, Budget Secretary Amenah Pangandaman said the administration is committed to digitalization
Source: BusinessMirror - 🏆 19. / 59 Read more »
Malaysia’s Muhyiddin, Anwar race to form government as turmoil drags on - BusinessWorld OnlineKUALA LUMPUR — Malaysia’s political parties were given until Tuesday to submit prime ministerial candidates, as the royal palace extended a deadline for opposition rivals Muhyiddin Yassin and Anwar Ibrahim to find more support after an election delivered a hung parliament.
Source: bworldph - 🏆 9. / 68 Read more »