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Gov’t hikes Treasury bill award as demand soars - BusinessWorld Online
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1 Articles
Gov’t hikes Treasury bill award as demand soars - BusinessWorld Online
THE GOVERNMENT upsized the award of the Treasury bills (T-bills) it offered on Monday as it saw strong market demand, with rates also lower than those quoted at the secondary market. The Bureau of the Treasury (BTr) raised P34.2 billion via the T-bills it auctioned off, higher than the P27-billion plan as the offer was more than four times oversubscribed, with total tenders reaching P108.1 billion. This was also well above the P87.456 billion in…
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