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Manila Bulletin devider Business devider Gov't plans to borrow P140 B in November

Gov't plans to borrow P140 B in November

Published Oct 28, 2020 05:11 pm

The national government plans to borrow P140 billion in the domestic market next month.

Based on the Bureau of the Treasury offering schedule, the government will sell P80 billion worth of short-dated IOUs and P60 billion in long-term papers in November.

The government will hold a weekly auction for Treasury bills and offer Treasury bonds on a fortnightly basis.

 The bureau will offer P5 billion worth of 91- and 182-day T-bills as well as P10 billion of 364-day notes every Monday and issue them on November 4, 11, 18 and 25. Likewise, the agency will sell P30 billion worth of three- and five-year T-bonds on November 5 and November 19, respectively.(Chino S. Leyco)

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