Govt raises P65B from RTB auction

The national government was able to raise P65 billion at its price setting auction for 10-year retail treasury bonds (RTBs) on Tuesday, the proceeds of which were meant to fund the Duterte administration’s infrastructure and social services projects.

The amount sold in the first RTB issuance under the Duterte administration was more than double the P30 billion offer, the Bureau of the Treasury said.