BSP bill auction undersubscribed

By Eireene Jairee Gomez

Jan 28, 2023 12:22 am

THE Bangko Sentral ng Pilipinas' (BSP) auction of 28-day securities on Friday was undersubscribed with total tenders of just P106.495 billion against the P190 billion on offer.

Bids for the one-month papers were about '0.56x the volume offered,' central bank Deputy Governor Francisco Dakila Jr. said in a statement.

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