The national government borrows a total of P15 billion as planned with demand across the board reaching P48.726 billion. | ManilaBulletin
At Monday's auction of Treasury bills on May 29, the national government raised a total of P15 billion as planned with demand across the board reaching P48.726 billion.
The Treasury sold the P5 billion worth of three-month debt papers on offer. Investors were asking for P13.68 billion of government security or IOU. The interest rate on six-month papers settled higher compared to the secondary market rate of 5.863 percent.
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