The national government has raised more than its offered amount of ₱25 billion through short-term debt papers, as demand from local creditors soared despite lower interest rates driven by expectations of further rate cuts in the coming months. At Monday’s auction on May 26, the Bureau of the...
The Marcos administration has successfully borrowed ₱30 billion from the sale of long-term debt securities, but borrowing costs climbed amid dampened creditor interest due to elevated US bond yields following Moody’s downgrade of its credit rating. At Tuesday’s auction, the Bureau of the...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
The Bangko Sentral ng Pilipinasa (BSP) approved $6.29 billion (over ₱350 billion) in proposed foreign borrowings by the Marcos administration in the first quarter of 2025, more than double last year’s figure, as the government frontloaded its debt in a cautious move to navigate volatile global...
The Marcos administration plans to borrow ₱735 billion in the second quarter of 2025, a 17 percent increase over the first quarter's planned ₱629 billion, data from the Bureau of the Treasury (BTr) showed. From April to June, the government intends to borrow ₱325 billion in Treasury bills...
The Marcos administration increased its borrowings mainly from domestic sources at the start of 2025, such that total gross financing reached ₱213.1 billion in January. This posted a ₱9.9 billion or nearly five percent hike from the ₱203.2 billion recorded in January last year,...
Strong demand for government long-term debt papers drove yields lower, fueled by expectations of central bank interest rate cuts and easing US Treasury yields. On Tuesday, Feb. 18, the Bureau of the Treasury (BTr) successfully raised ₱30 billion through the auction of reissued 10-year bonds....
Investor demand for the government’s short-term debt papers stayed strong for the second week amid the central bank’s surprise interest rate pause and growing interest in long-term securities amid falling US Treasury yields. At Monday’s auction on Feb. 17, the Bureau of the Treasury (BTr)...
Long-term government debt yields fell on Tuesday, Feb. 11, amid expectations of a 25-basis-point cut in key borrowing costs by the Bangko Sentral ng Pilipinas (BSP) and easing U.S. Treasury yields. The Bureau of the Treasury (BTr) raised ₱30 billion ($540 million) through an auction of...
The Monetary Board (MB) allowed the Marcos administration to borrow as much as $3.21 (about P186.98 billion) from foreign lenders for the last three months of 2024. For the last quarter of 2024, the $3.21 approved amount accounted for six public sector medium- to long-term foreign borrowings. ...
The Philippines has successfully raised $2.25 billion and €1 billion in a triple-tranche bond sale, demonstrating continued investor confidence in the country's economic prospects. The sale, totaling $2.29 billion, included 10-year and 25-year bonds denominated in US dollars, and a...
The Marcos administration is tapping into the global bond markets with a multi-tranche offering in both US dollars and euros, the Bureau of the Treasury announced on Thursday, Jan. 23. The offering includes 10-year and 25-year bonds in US dollars and a seven-year bond in euros, marking the...
