The national government sold all the short-term debt papers it offered, taking advantage of lower interest rates. On Monday, Sept. 18, the Bureau of the Treasury held a successful auction for Treasury bills (T-bills), raising P15 billion, the intended target. The total bids received...
The Marcos administration's July borrowings dropped by almost a quarter, mainly due to a reduction in loans acquired from local creditors. According to the Bureau of the Treasury, government borrowing in July amounted to P131.94 billion, a 24 percent decrease from the P174.95 billion recorded in...
The Philippine government plans to borrow $1 billion from the Islamic debt market, marking the country's first venture into this type of financing, the Bureau of the Treasury said. In a briefing in Dubai, National Treasurer Rosalia V. de Leon said that Manila aims to raise approximately P56.6...
The national government has successfully borrowed funds through short-term loans amid relatively stable interest rates. On Monday, Sept. 11, the Bureau of the Treasury executed its auction by fully awarding P15 billion worth of Treasury bills, with demand for three-, six-, and 12-month IOUs totaled...
The Bureau of the Treasury has assigned two state-owned banks to arrange the upcoming launch of a retail dollar bond (RDB) offering. The Land Bank of the Philippines and the Development Bank of the Philippines (DBP) are tasked with leading and managing the retail bond sale targeting small...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
Caught between declining income and increasing expenses in the wake of the pandemic, more Filipinos are interested to borrow, according to survey data from consumer finance service Digido released Wednesday, Nov. 23. Between October and November 2022 Digido surveyed 130 of its client-respondents...
Benchmark interest rates moved sideways as investors tend to be concerned about a potential hawkish policy stance by the US Federal Reserve. At an auction of Treasury bills on Monday, April 18, the bellwether 91-day rate, which banks use in pricing their loans, dropped to 1.223 percent from 1.250...
The Philippine government sold its second “green” bonds, this time in the Japanese debt market through a four-tranche yen-denominated offering, the Bureau of the Treasury announced on Wednesday, April 13. The bureau said the government raised ¥70.1 billion, roughly P28.95 billion, via a...
The benchmark interest rate on debt falling due in August 2028 rose at Tuesday's auction of the government IOUs at the Bureau of the Treasury. Bureau of the Treasury office Investors were willing to buy as much as P55.623 billion of the reissued seven-year Treasury bonds, nearly double the...
