By Aaron Michael C. Sy, Reporter
THE GOVERNMENT raised an initial P135 billion from the offering of its new 10-year fixed-rate Treasury notes it auctioned off on Tuesday under a new issuance format targeting institutional investors.
The amount raised was more than four times the initial P30-billion offering, as tenders reached P197.3 billion, the Bureau of the Treasury (BTr) said in a statement after the auction.
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