Investors in Philippine Treasury Bonds
Tenders on government’s retail treasury bond (RTB) offer Tuesday were more than twofold the P25 billion offering after it reached P62.957 billion.
Bids for the five-year bond totaled to P26.42 as against the P10 billion offer, bids for the seven-year tenor reached P21,673 billion from P10 billion offer and the P5 billion offer for the 10-year bond received more than fourfold after it reached P14.864 billion.
The Bureau of the Treasury (BTr) awarded in full on all tenors.
National Treasurer Roberto Tan said rates of the RTBs were lower than those of done deals in the secondary market.
Rate of the five-year tenor averaged at 5.580 percent while that of the done deal is 5.925 percent while the previous average was at 6.336 percent. Its highest rate during today’s auction reached 5.875 percent while lowest was at 4.000 percent.
The seven-year bond’s rate averaged at 4.452 percent while the done deal rate for this tenor stood at 6.5150 percent and the previous rate was 6.809 percent. Highest rate stood at 6.625 percent while lowest was at 5.750 percent.
Average rate of the 10-year bond stood at 7.025 percent while the done deal rate is 7.200 percent and the previous rate is 7.368 percent.