National Treasurer Rosalia De Leon
MANILA – There was no substantial change in Treasury bills (T-bills) on Monday as domestic liquidity continued to drive demand for the debt paper.
The average rate of the 91-day paper moved to 1.079 percent, the 182-day to 1.543 percent, and the 364-day to 1.791 percent.
These were at 1.086 percent, 1.597 percent, and 1.793 percent for the three-, six- and 12-month papers during the auction last Oct. 19.
The Bureau of the Treasury (BTr) offered both the 91-day and 182-day securities for PHP5 billion while the one-year paper was offered for PHP10 billion, all of which were fully awarded.
Tenders for the three-month paper amounted to PHP23.44 billion, the six-month paper, PHP27.576 billion, and the one-year paper to PHP30.809 billion.
“Full award with hefty submission (and) with rates aligned with secondary levels. (This) demonstrates sustained liquidity onshore,” National Treasurer Rosalia de Leon told journalists in a Viber message.
The BTr opened its tap facility to offer the 182-day facility for PHP5 billion and received PHP1.85 billion bids, which was fully accepted.
It also offered the one-year paper through the tap facility for PHP5 billion and received tenders amounting to PHP5.02 billion. This was fully awarded.
Meanwhile, asked about any plans to issue US dollar-denominated bonds after scrapping plans for the Samurai bond and the Panda bond, de Leon said “we continue to continuously scan good opportunities for financing.”
“We prepare and get ready to strike,” she added. (PNA)
