P35 billion borrowed by NG via twin bond offering

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The story "P35 billion borrowed by NG via twin bond offering" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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P35 billion borrowed by NG via twin bond offering - Business Mirror

Quick Summary:

THE national government borrowed a total of P35 billion from the domestic debt market through its twin offering of Treasury bonds (T-bonds) due to overwhelming demand.

However, this was higher by 60.3 bps from the 5.731 percent recorded in the previous auction of the same tenor on August 14, 2024.

Local policy rate cut bets, as signaled by local monetary officials, caused interest rates to decline, opined Michael L.