Monday, September 26, 2022
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First retail treasury bond below Marcos raises P420.4B

The Marcos administration’s first foray into promoting retail treasury bonds (RTBs) raised P420.4 billion, which shall be spent on precedence authorities packages and tasks, together with infrastructure.

Nationwide Treasurer Rosalia de Leon on Friday mentioned the swap element of the Bureau of the Treasury’s (BTr) twenty eighth RTB providing hit a report P108.5 billion. This coated bonds maturing late this 12 months and early subsequent 12 months which have been swapped with the brand new 5.5-year IOUs, which fetched a coupon of 5.75 p.c.

In response to De Leon, prolonged bond holdings mirrored the home debt market’s confidence not solely in authorities securities as an funding but additionally within the financial system as a wh…

Carry on studying: First retail treasury bond below Marcos raises P420.4B



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