NG sets P200-B domestic borrowing plan for March - BusinessWorld Online

THE NATIONAL GOVERNMENT

For the long-term securities, the Treasury is looking to raise P25 billion from six-year T-bonds on Feb. 28, and P25 billion from 10-year T-bonds on March 7. However, the February borrowing plan was reduced to P130 billion from the original P200 billion after the government launched a retail Treasury bond offer and canceled two auctions worth P35 billion each.“The BTr is still in ‘good shape’ following the recent RTB oEarlier this month, the government raised P283.711 billion from its ove-and-a-half-year RTBs. Of this total, the government raised P31.671 billion from the bond exchange offer program.

Meanwhile, Mr. Ricafort said the downward trend in long-term local rates since November could be favorable for the T-bond auctions.

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Gov’t partially awards Treasury bill offer - BusinessWorld OnlineTHE GOVERNMENT partially awarded the Treasury bills (T-bills) it auctioned off on Monday as rates went up across the board after the central bank hiked borrowing costs anew last week. The Bureau of the Treasury (BTr) raised just P13.05 billion from its offer of T-bills on Monday, below the P15-billion program, even as bids reached […]
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