Philippines retail T-bonds fetches coupon rate of 6.0%

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of retail T-bonds due 2030 on Tuesday:

• BTR awards 210 billion Philippine pesos ($3.65 billion) at a coupon rate of 6.0%, above 30 billion pesos programme

• Tenders total 354.2 billion pesos

• Offer period is from August 5 to 15, with an option for early termination