The initial auction for the state’s second RDB offering last Wednesday, the first under the Marcos Jr. administration, fetched a total of $636.2 million bids from investors, according to data from the Bureau of the Treasury (BTr). However, the Treasury only accepted $611.2 million, or about 96 percent of the initial total tender as yields
THE Marcos Jr. administration plans to raise at least $200 million from its first sale of retail dollar bonds (RDBs) the second for the Philippines to meet the state’s financing needs. The Bureau of the Treasury (BTr) issued a notice of offering on Tuesday for the country’s issuance of 5.5-year RDBs due 2029. The Treasury disclosed that