Tag: Auction
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Philippine Treasury Fully Allocates T-bill Auction Amid Rising Yields
In Manila, the Bureau of the Treasury (BTr) successfully met all bids for Treasury bills (T-bills) in Monday’s auction. The auction saw 91-day, 182-day, and 364-day T-bills being sold at average rates of 5.329 percent, 5.672 percent, and 5.754 percent, respectively. These rates show a slight increase from the previous week’s averages of 5.318 percent,…
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Philippine Treasury Completes Full Allocation of T-bills Amid High Demand
In Manila, the Bureau of the Treasury (BTr) successfully allocated the entire amount of Treasury bills (T-bills) offered during Monday’s auction. The T-bills, spanning 91, 182, and 364 days, were sold at average rates of 5.318%, 5.662%, and 5.780% respectively. These rates were slightly above the PHP Bloomberg Valuation Service yields, which stood at 5.158%…
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Philippine Treasury Fully Allocates Reissued Bonds at Lower Yield
The Philippine Bureau of Treasury successfully allocated all bids for the reissued Treasury bonds during an auction held on Tuesday. These bonds, with a remaining term of seven years and seven months, were sold at an average yield of 5.973 percent, which was lower than both the previous reissuance and the current rates in the…
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Philippine Treasury Fully Allocates T-Bill Auction Amid Rising Yields
In Manila, the Bureau of the Treasury successfully met its full allocation target for Treasury bills during Monday’s auction. The auction saw the 91-day, 182-day, and 364-day T-bills being sold at average rates of 5.128 percent, 5.562 percent, and 5.726 percent, respectively. Michael Ricafort, chief economist at Rizal Commercial Banking Corporation, noted that the average…
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Philippine Treasury Successfully Allocates Reissued Bonds
The Philippine Bureau of the Treasury announced a complete allocation of reissued Treasury bonds during an auction held on Tuesday. These bonds, with a remaining term of five years and five months, were auctioned at an average yield of 5.968 percent, which was slightly below the current secondary market rate. As of February 3, the…
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Comelec Disposes of Over 81,000 Faulty PCOS Machines for Over PHP12 Million
The Commission on Elections (Comelec) in Manila has successfully auctioned off more than 81,000 non-functional Precinct Count Optical Scan (PCOS) machines, fetching a sum exceeding PHP12 million. The decision to sell was formalized in a resolution released on Friday, following a recommendation from the Comelec’s Disposal Committee. The winning bid, amounting to PHP12.264 million, was…
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Comelec Disposes of Over 81,000 Defunct PCOS Machines for Over PHP12 Million
The Commission on Elections (Comelec) in Manila has successfully auctioned off 81,776 non-functional Precinct Count Optical Scan (PCOS) machines, fetching a sum exceeding PHP12 million. The sale was awarded to Microsphere System Technology, which offered the highest bid of PHP12.264 million, as per a resolution disclosed on Friday. Comelec Chairperson George Erwin Garcia confirmed that…
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