The central bank said it would offer P30 billion for the second auction for its Term Deposit Facility (TDF). TDF is part of Bangko Sentral ng Pilipinas’ (BSP) liquidity management under the Interest Rate Corridor (IRC) System.
In an advisory, the BSP said the second TDF auction is scheduled for June 15. Of the P30 billion total volume offering, P10 billion is for a 7-day tenor, while P20 billion is for a 28-day tenor.
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