Manila, March 11 -- The Bureau of the Treasury (BTr) on Tuesday awarded the reissued PHP30 billion treasury bond in full at a slightly higher yield.

The reissued T-bond was 2.7 times oversubscribed, fetching total tenders of PHP81.76 billion.

The debt paper has an original tenor of 10 years but now has a remaining life of 7 years and six months.

The Auction Committee said the reissued T-bond slightly fetched an average rate of 6.143 percent.

"The 7-year treasury bond average auction yield at 6.143 percent is slightly higher by about +0.05 versus the comparable 7-year PHP BVAL yield at 6.0955 percent as of March 10, 2025; also higher by +0.17 vs. 5.973 percent in the previous 7-year T-bond auction on February 11, 2025 or exactly a mont...