Malacañang assured the public that the government is spending the country's borrowings efficiently as the country availed itself of more loans amid the ongoing Covid-19 pandemic. File photo of residents maintaining social distancing as they wait for their turn to get the cash assistance or "ayuda"...
Government debt load in March soared by more than half a trillion pesos in the month of March alone on the back of borrowing spree from domestic and foreign lenders, data from the Bureau of the Treasury revealed. The gargantuan borrowing in March brought the national government debt stock to...
The benchmark interest rate on debt falling due in three years rose at an auction of government IOUs at the Bureau of the Treasury. Investors were willing to buy as much as P41.492 billion of the three-year Treasury bonds, more than the government's offer of P35 billion. The rate of the IOUs rose...
Lingering uncertainties over aggressive tightening in the US and domestically pushed up most of the interest rates for short-term Philippine debt papers. At the Bureau of the Treasury’s auction on Monday, May 2, the yield for the 91-year Treasury bill, which banks use to price their loans, went...
The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At a Bureau of the Treasury auction on Tuesday, April 26, the yield for the 10-year Treasury bond went up to 6.313 percent from 6.092 percent last March 29 when the IOU was last sold....
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
Short-term benchmark interest rates dipped as global oil prices eased. At the Bureau of the Treasury’s auction on Monday, April 11, the yield on three-month papers, which banks use in pricing their loans, dropped to 1.250 percent from the 1.380 percent fetched during the previous week. The...
After more than a month of partial award, the Bureau of the Treasury has finally made a full award of its short-term borrowing program as interest rates eased across the board. At Monday's auction, April 4, yields on short-term government debt papers declined, with the returns on the 91-day...
Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations. The Bureau of the Treasury reported Thursday, March 31, that the outstanding debt of the national government stood at P12.093 trillion as of February,...
Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans. At Monday’s auction, March 28, the yield on the 91-day Treasury bill, which banks use in pricing their loans, rose to 1.587 percent from 1.536 percent a week ago. The government accepted P5...
The Duterte administration has “successfully” completed its three-tranche foreign commercial borrowing on the back of volatile financial markets overseas, the Bureau of the Treasury announced. The Treasury bureau said Tuesday, March 22, that the government raised $2.25 billion, or roughly P118...
The Duterte administration will sell fresh debt papers to overseas investors, including the government’s maiden green bond issue, a document from the Bureau of the Treasurer revealed. Based on a Treasury document obtained by reporters on Monday, March 21, the government is planing to raise funds...
