National Treasurer Rosalia de Leon
MANILA – The rates of the Philippines treasury bills (T-bills) fell Monday, a few days after the government’s five-year retail treasury bond (RTB) offer ended.
The rate of the 91-day T-bill slipped to 1.113 percent, the 182-day to 1.386 percent, and the 364-day to 1.746 percent.
These were at 1.221 percent, 1.454 percent, and 1.749 percent for the three-, six-, and 12-month paper, respectively, during the auction last August 3.
“(The rates declined due to) continued strong buying interest on (the) front end of (the) curve at lower rates amidst RTB record issuance,” National Treasurer Rosalia de Leon said.
The Bureau of the Treasury’s (BTr) auction committee made full award of all the tenors due to strong demand.
The 91-day and 182-day T-bills were offered for PHP5 billion each and received tenders amounting to PHP16.935 billion and PHP17.078 billion, respectively.
The 364-day paper was offered for PHP10 billion and attracted bids amounting to PHP26.285 billion.
The BTr offered this tenor for PHP5 billion over the tap facility.
Last Friday, de Leon said they raised PHP516.3 billion worth of RTBs since the debt paper was offered last July 16 until August 7.
She said PHP488.5 billion worth of submissions were accepted as new investments while PHP27.8 billion was accepted as a swap for earlier-issued RTBs. (PNA)
