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Philippine treasurer says $9.5bln retail bonds sold in latest offer zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The central bank’s auction of its single tenor 28-day Bangko Sentral ng Pilipinas (BSP) securities fetched a higher weighted average rate of 1.7303 percent last Friday, and fully awarding the P90 billion offer.
BSP Deputy Governor Francisco G. Dakila Jr. noted that the yield was up by 6.201 basis ....
Pandemic pushes Pinoys to invest 22 Feb 2021 The SMDC International Sales Team led by director Norberto Layug Jr. at their recent courtesy call to Ambassador to the UAE Hjayceelyn M. Quintana (middle) at the Philippine Embassy in Abu Dhabi. Mariecar Jara-Puyod, Senior Reporter Overseas Filipinos (OFs) including from the UAE and other parts of the Middle East have been noted to engage in real estate/property development investments back home. This was from two separate remote Monday interviews with officials from two of the Top 5 Philippine property developers (as of March 2020), namely SM Development Corp. (SMDC)-Operations vice president Joseph Anthony Teves and Freedom Sales Corp. partnered with Filinvest-Europe/Middle East/Asia Maynard Portugal. ....
The BSP bills also fetched a higher yield of 1.6683 percent from the previous 1.6402 percent. Tenders received by the BSP totaled P154.90 billion versus offer of P90 billion. The previous auction which was on February 15 (February 12, a Friday, was the Chinese New Year holiday), the offer was higher at P100 billion but it was slightly undersubscribed at P99.05 billion. The bid coverage ratio was at 1.7211, an improvement from the previous 0.9905, indicating strong demand for the BSP bills. The P90 billion offer was fully awarded in the 28-day BSP bills auction, said Dakila. “The weighted average interest rate settled higher by 2.811 bps (basis points) to 1.6683 percent. The accepted yields were slightly higher and narrower compared to the previous auction, ranging 1.620 to 1.725 percent,” he added. In the Monday auction, yields accepted ranged from 1.603 to 2.000 percent. ....
CALOOCAN CITY, Feb. 16 (PIA) The Land Bank of the Philippines (LandBank) is inviting the investing public to participate in the Bureau of the Treasury’s (BTr) 25th Tranche of the Retail Treasury Bonds or RTB-25 with Exchange Offer to help the National Government raise funds for its COVID-19 response and recovery efforts. The latest retail bond offer with the theme, “Kasama mo sa Kinabukasan,” was launched recently, through a virtual Qualified Institutional Buyers Investor’s Briefing streamed live via BTr’s Facebook page and shared on LandBank’s social media channels. The three-year RTB-25 will be offered in minimum denominations of P5,000 and integral multiples thereof until March 4, 2021, with settlement scheduled on March 9. ....