BSP bill auction undersubscribed

By Eireene Jairee Gomez

Nov 26, 2022 12:21 am

THE central bank's auction of 28-day securities on Friday was undersubscribed with total tenders of just P109.469 billion against the P120 billion on offer.

Bids were about '0.91x the volume offered,' Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco Dakila Jr. said in a statement.

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