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...
Lingering concerns over higher inflation pushed up the interest rate for long-term Philippine debt papers. At the Bureau of the Treasury auction on Tuesday, March 15, the yield for the reissued five-year Treasury bond went up to 4.669 percent from 4.012 percent last Jan. 11 when the IOU was last...
Following two consecutive weeks of failed domestic borrowings, the national government made a partial award of the short-dated debt papers despite still elevated interest rates. The Bureau of the Treasury raised P9.137 billion from auction of three-month, six-month and one-year IOUs, with total...
Debt payments by the Philippine government breached the P1-trillion mark last year amid heightened borrowings during the prolonged pandemic, data from the Bureau of the Treasury showed. From January to December 2021, the national government’s debt servicing amounted to P1.204 trillion, an...
The Department of Finance (DOF) said the national government remains in good cash position despite recent failed domestic borrowings owing to high interest rates. Finance Secretary Carlos G. Dominguez III said Tuesday, March 8, that cash flow is not yet a problem for the government owing to P457.8...
Local short-term interest rates accelerated following Russia’s full-scale invasion of neighboring Ukraine. The Bureau of the Treasury rejected all tenors for Treasury Bills, or IOUs, after banks asked for much higher interest rates during the auction on Monday, Feb. 28. The treasury bureau was...
Benchmark short-term interest rates rose on the back of higher inflation forecast of the Bangko Sentral ng Pilipinas (BSP) and concerns surrounding Ukraine. At Monday's auction on Feb. 21, yields on short-term government debt papers, increased, with the returns on the 91-day Treasury bill up to...
The Bureau of the Treasury has raised an initial P120.76 billion well above the P30-billion on offer from the government's new five-year retail Treasury Bond (RTB) that generated total tenders of P183.44 billion at the launch Tuesday, Feb. 15. The Treasury said small Filipino savers wanting to take...
Investors pressed anew for an increase in Philippine benchmark interest rates for short-term loans. At Monday's auction of Treasury bills on Feb. 14, the bellwether 91-day T-bill rate, which banks use in pricing their loans, rose to 0.810 percent from 0.710 percent previously. The Bureau of the...
The government will sell P30 billion, its first retail Treasury bond (RTB) for the year catering to small Filipino savers, the Bureau of the Treasury announced. In a notice, the Treasury bureau said the government will launch this month another RTB, offering a minimum principal amount of P30...
Lingering concerns over high inflation in the United States and Federal Reserve’s future action pushed up the interest rate for long-term Philippine debt papers. At a Bureau of the Treasury auction on Tuesday, Feb. 8, the yield for the reissued 10-year Treasury bond went up to 5.093 percent from...
