By Aaron Michael C. Sy, Reporter
THE GOVERNMENT raised an initial P84.9 billion during Tuesday’s rate-setting auction for retail Treasury bonds (RTBs), the fourth such offering under the Marcos administration.
The two-and-a-half year bonds due 2029 fetched a coupon rate of 6.875% during the auction, with bid yields ranging from 6.5% to 6.875%.
Tenders hit P188.6 billion or more than six times the P30 billion on offer at the Bureau of the Treasury’s (BTr) first retail bond offer this year.
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