Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said the auction of its 28-day BSP bills continue to be oversubscribed or 1.67x the offered volume. The BSP offered P100 billion of its securities during Friday’s auction, and banks tendered P167.25 billion. “The P100...
The national government has borrowed P22 billion in the domestic market through the sale of short-term debt papers (treasury bills) at yesterday’s auction. Interest rates also further declined. The three-month yield settled at 0.977 percent, lower than the 0.987 percent in the...
Rates of short-dated IOUs, or treasury bills, dropped across the board at yesterday auction as investors expect a slower inflation rate in the final month of last year. During the Bureau of the Treasury’s first auction for 2021, the rate of three-month papers fell to 0.987 percent from previous...
The Duterte administration has increased its domestic borrowing program for the first month of next year, data from the Bureau of the Treasury revealed. According to an online advisory, the Treasury indicated that the national government will sell P80 billion worth...
The Bangko Sentral ng Pilipinas’ (BSP) 28-day securities was oversubscribed by 1.59 times during its Friday auction, its last for 2020. “The BSP offered and awarded in full P80 billion worth of 28-day bills in the last BSP Securities auction for the year amid increased demand for liquidity...
The national government has successfully sold P20-billion treasury bills today, the Bureau of the Treasury said. At an auction, interest rate of three-month debt papers slightly inched up from 1.015 percent last week to 1.022 percent, allowing the government to raise P5 billion as planned....
While renewable energy (RE) developers are brandishing that their technologies are already the cheapest in the market, the National Renewable Energy Board (NREB) ironically dropped the bomb that the programmed RE projects in the country will increase the power bills of Filipino consumers by P0.23...
The average rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day securities fell on Friday while bids remained oversubscribed. The auction of BSP bills attracted P117.10 billion tenders against an offer of P60 billion. The tenders were higher than the previous week’s P112.20 billion. The offer...
Customers of Manila Electric Company (Meralco) will not need to be anxious on their December electricity bills, as initial forecast point to “flattish rate” or there could be very slight cost movement in the overall tariff. “Initial data suggests that generation costs for December will be...
The Philippines got the lowest coupon ever after raising $2.75 billion from the global bond market, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “The Philippines set a record for lowest coupon levels,” said Diokno on Thursday. The ROPs sold have maturities of 10.5...
The Bangko Sentral ng Pilipinas’ (BSP) auction of 28-day BSP bills were still oversubscribed and fetched a lower rate last Friday. “Market interest remained strong,” according to BSP Deputy Governor Francisco G. Dakila Jr. The BSP offered P60 billion, same as last November 20, and...
The central bank’s auction of 28-day securities fetched a lower rate this week but had a higher bid volume of P123.80 billion. The Bangko Sentral ng Pilipinas’ (BSP) one-month bills was still being offered at P60 billion on Friday, and it received oversubscribed tenders which was higher than...
