BORROWINGS. The Bureau of the Treasury (BTr) is scheduled to borrow PHP200 billion through Treasury bills (T-bills) and Treasury bonds (T-bond) auctions in October 2022. National Treasurer Rosalia de Leon said even if they rejected bids in recent government securities auctions, the borrowing program has accounted for market developments in planning for its fundraising activities. (Photo courtesy of BTr)
MANILA — The Bureau of the Treasury (BTr) plans to borrow PHP200 billion from local creditors in October 2022, the same as this month’s borrowing program which, however, was not met.
National Treasurer Rosalia de Leon, in a memorandum to government securities eligible dealers (GSEDs) issued on Sept. 28, said Treasury bills (T-bills) will be offered for PHP5 billion each for the 91-day, 182-day, and 364-day.
T-bill auctions are scheduled on all Mondays of the month unless it is rescheduled.
For Treasury bonds (T-bond), volume offering remains at PHP35 billion, and tenors that will be offered are three-year, six-year, 10-year, and 13-year, which will be auctioned from the first to the fourth week of next month.
T-bond auctions are held on Tuesdays of the month unless there are changes.
The BTr has either fully rejected or partially awarded debt papers this month alone after investors asked for high yields, which de Leon attributed to expectations for the continued rise in interest rates both here and in the United States.
However, she remains confident that funding for the various programs of the government remains adequate.
“Program is calibrated to meet NG (national government) funding requirements against the current market backdrop,” she added. (PNA)
