The Philippines is the World Bank's fifth-biggest borrower for the second-straight year, coinciding with the first two years in office of President Ferdinand R. Marcos Jr. The World Bank's latest Annual Report disclosed on Oct. 18 showed that in fiscal year 2024 covering the period July 1, 2023 to...
Interest rates on short-term government debt continued to increase, driven by a weaker peso and external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts. At Monday’s auction, Oct 14, the Bureau of the Treasury (BTr) successfully raised P20 billion...
The Marcos administration plans to raise P310 billion in the fourth quarter through the sale of treasury bills and bonds. According to a memorandum from the Bureau of the Treasury, the government plans to secure P220 billion through treasury bill auctions scheduled from October to December,...
The government's reissued Treasury bonds (T-bonds) were met with strong investor demand on Tuesday, Sept. 10, as the offering's lower interest rates aligned with a more manageable inflation environment. The Bureau of the Treasury successfully raised P30 billion as planned through the auction of the...
The Marcos administration has launched a three-tranche US dollar-denominated bond offering, marking its second foray into the international debt markets this year. According to a report from Moody's Ratings, the bonds will mature in 2030, 2035, and 2049. Notably, a portion of the 25-year debt is...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the rise in inflation rate and hawkish signals from monetary officials. At the Treasury bureau’s auction on Monday, April 8, the national government successfully raised P15 billion through the...
The Bureau of the Treasury was successful in selling all its short-term debt papers, taking advantage of declining interest rates. During an auction on Monday, March 25, the national government raised P15 billion as planned via the treasury bills (T-bills) it auctioned off as total bids reached...
The national government’s net financing dropped by 67 percent in January this year, data from the Bureau of the Treasury (BTr) showed. BTr's latest cash operations report showed that total borrowings in the first month of the year amounted to P118.4 billion, down from the P366 billion recorded in...
The Bureau of the Treasury (BTr) has fully awarded all tenors during the Treasury bills (T-bills) auction on Monday with a total of P15 billion as demand for the government paper was seen to be weak. The total bids reached P47.250 billion, an oversubscription of more than three times the target...
The Bureau of the Treasury borrowed P15 billion from the local debt market through its successful auction of Treasury bills (T-bills) on Monday, March 4. Averages rates continued to move up during the auction, with all the tenors fetching slightly higher rates. Robust investor demand also marked...
The government sold some short-term loans to Filipino investors, even though interest rates were up and there were fewer takers. During the auction on Monday, Feb. 19, the Bureau of the Treasury raised P14.5 billion through the sale of Treasury bills (T-bills), below the P15 billion program. ...
The government successfully raised funds through the sale of short-term debt papers despite higher interest rates caused by recent volatility in the US dollar and peso. The 91-day Treasury bill saw an increase to an average of 5.398 percent compared to the previous week's 5.306 percent, yet the...
