Investors were willing to buy as much as P41.492 billion of the three-year Treasury bonds, more than the government’s offer of P35 billion.
The yield is also above the 4.38 percent fetched in the secondary market, based on the PHP Bloomberg Valuation Service Reference Rates published on the Philippine Dealing System’s website.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: