BoB tests market with P3.5bn debt auction

The auction of two treasury bills and three bonds was due to take place on Thursday, according to a notice seen on the central bank’s website at press time on Wednesday.

At the auction, the BoB, acting as government’s capital market agent and chief fundraiser, was due to offer P2 billion in record breaking treasury bills equally divided in P1 billion each and bearing maturities of three and six months. Also on offer for bidders were three reopened bonds ranging in maturities from 2027 to 2040.