Business and Economy
Treasury bureau issues 20-year T-bonds at 5.25% coupon rate
MANILA—The Bureau of Treasury (BTr) has fully awarded the 20-year Treasury bonds (T-bonds) on Tuesday’s auction, with coupon rate set at 5.25 percent.
The BTr issued a total of PHP15 billion debt security.
“This is the first time we issue 20-year security since 2013,” Deputy Treasurer Erwin Sta. Ana told reporters. “Despite that, this is from the longer sector of the curve, we are actually pleased with the turnout.”
“I think market participants are also waiting for the Treasury to issue on the longer end of the curve,” Sta. Ana added.
Total tenders were nearly twice the offered value reaching PHP28 billion.
“It means there’s investors’ confidence on the Republic and that sector of the curve has a demand,” he noted.
Meanwhile, average annual rate for the 20-year T-bonds is at 5.104 percent.