Hp108 52 Billion Of Which Was The Amount Debt Papers Submitted For Swap Pna News Today : Breaking News, Live Updates & Top Stories | Vimarsana

REJECTION. Bids for the three-month and one-year Treasury bills (T-bills) were rejected on Tuesday (Sept. 27, 2022) after investors asked for high yields. National Treasurer Rosalia de Leon said bids for the six-month paper were at reasonable rates. (Photo courtesy of BTr) MANILA - The Bureau of the Treasury (BTr) again rejected bids for the 91-day and 364-day Treasury bills (T-bills) on Tuesday but partially awarded the 182-day tenor after investors asked for high yields. The average rate of the six-month paper rose to 3.958 percent from 3.810 percent during the auction last Sept. 19. Meanwhile, had the auction committee fully awarded the three-month paper, its average rate would have risen to 4.397 percent and the one-year tenor to 4.888 percent. These were at 2.070 percent and 3.782 percent for the three-month and one-year T-bills, respectively, during the auction last Aug. 22. The BTr offered all tenors for PHP5 billion each and only the six-month paper was oversubscribed at PHP9 b

Bureau of the treasury btrPhilippine news agencyTreasurer rosalia de leonRejection bids for the three month and one year treasury billst bills were rejected on tuesday sept 27022 after investors asked for high yields national treasurer rosalia de leon said bids the six month paper were at reasonable rates photo courtesy of btr manila bureau treasury again rejected 91 day and 364 billst bills on tuesday but partially awarded 182 tenor average rate rose to 3 958 percent from 810 during auction last sept 19 meanwhileAd the auction committee fully awarded three month paperTs average rate would have risen to 4 397 percent and the one year tenor 888 these were at 2 070 3 782 for three month yeart billsUring the auction last aug 22 btr offered all tenors for php5 billion each and only six month paper was oversubscribed at php9 total bids 91 dayt bill amounted to php4 6 while it reached 064 one year committee awarded 182 day php3 35 quot we partially so average yield is withina reasonable level given market backdropUot national treasurer rosalia de leon told the philippine news agencyEferring to the continued monetary policy tightening both here and overseas due elevated inflation rate government targets borrow more than 70 percent of its funding requirements from domestic creditors this yearA move it has adopted for years now to take advantage of the low interest rate environment in domestic economy and address currency valuation movements asked if government 39s borrowing program year would still be met amidst recent rejections duringt bills auctionsE leon said quot remember we hada strong rtb retail treasury bond issueNcluding switch quot she was referring to the swap option of rtb issuance wherein investors previously issued debt papers identified by btr as qualified be swapped securities being offered for auction can submit it avail fresh solda total php420 44 billion worth five year rtbs last septemberHp108 52 billion of which was the amount debt papers submitted for swap pna