The Marcos government successfully raised ₱35 billion as planned through the sale of two government bonds, with mixed investor demand as risks tied to longer-dated securities dampened appetite while the shorter-tenored paper drew stronger interest.
During the sale of the seven-year Treasury bonds (T-bonds) on Tuesday, Oct. 21, the Bureau of the Treasury (BTr) fully awarded its ₱20-billion offering. Total bids reached ₱55.5 billion, nearly three times the amount offered.
Demand was weaker than the ₱
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