TDF auction oversubscribed again

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In the second auction of its tern deposit facility, the central bank awarded on Wednesday P10 billion in the seven-day tenor and P20 billion in the 28-day tenor.

Demand was high. Of the total tenders, P63.937 billion was for the seven-day term deposit, and P92.847 billion for the 28-day term deposit.

The first TDF auction was also oversubscribed with the auction priced at an average of 2.5 percent for both tenors.

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