BSP fully awards TDF offer

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THE central bank awarded on Wednesday P30-billion worth of term deposit– P10 billion in the 7-day tenor and P20 billion in the 28-day tenor—as its maiden auction on the Term Deposit Facility, a liquidity management tool under the Interest Rate Corridor.

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Tenders have thus reached P82.438 billion for the 7-day term deposit, and P117.271 billion for the 28-day term deposit–both significantly higher than the original offer of P10 billion and P20 billion, respectively.

Interest rates on both tenors settled at P2.5 percent.

MAYVELIN U. CARABALLO

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