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 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...
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...
Concerns over potential protectionist measures from the Trump 2.0 administration, along with expectations of fewer US Federal Reserve rate cuts in 2025, drove up demand for long-term government debt papers. On Tuesday, Jan. 14, the Bureau of the Treasury (BTr) successfully raised P30 billion...
Investor demand for the government’s short-term debt papers sustained its strength for the second consecutive week, as stable inflation pushed interest rates lower and heightened expectations of potential rate cuts by the Bangko Sentral ng Pilipinas (BSP). At Monday’s auction on Jan. 13, the...
The national government's debt service increased by more than half in November of last year as payments for interest and amortization soared. Data from the Bureau of the Treasury showed that the government’s debt payments reached P193.7 billion in November, a 65 percent increase compared to...
The national government substantially reduced its reliance on borrowing in November, cutting its total by nearly half compared to the same period last year, due to lower domestic borrowing. Based on the latest Bureau of the Treasury report, total gross borrowings in November 2024 plunged 48 percent...
