The Bureau of the Treasury awarded in full P30 billion worth of 20-year treasury bonds at the auction Tuesday, with the coupon rate set at 6.25 percent.
Total bids reached P91.42 billion, with strong interest keeping yields lower than the prevailing rate in the secondary debt market.
The BTr cancelled bond auctions the past two weeks to make way for the public offering of 5-year retail treasury bonds (RTB).
A record P584.86 billion was raised through the public offer of the RTBs that secured a large amount of funds the government needs to bridge the budget deficit seen as wide as P1.362 trillion this year. The coupon on the RTBs due February 2029 was fixed at 6.25 percent.
