The Bureau of the Treasury attracted bids totaling P107.1 billion for the 7-year paper it offered at the auction Tuesday.
The BTr awarded the entire P30 billion offer and agreed to pay a coupon of 6.125 percent for bond due January 2031.
Seven-year debt in the secondary market show a yield of 6.123 percent, according to Bloomberg data.
Because of strong demand for the 7-year bond, the BTr facility sold an additional P5 billion with the same coupon.
The government offers short-dated treasury bills and bonds to raise money to fund the nation’s budget.
