The Bureau of the Treasury made a partial award for the benchmark interest rate on debt falling due in seven years. The coupon rate of the new seven-year Treasury bonds was set at seven percent, higher than the 6.778 percent quoted in the secondary market, based on the PHP Bloomberg Valuation...
The national government partially borrowed on Monday, Oct. 10, after benchmark yields for short-term loans moved sideways. At Monday's auction of Treasury bills, the Bureau of the Treasury awarded only P3.965 billion, well below the programmed P15 billion. National Treasurer Rosalia V. De Leon said...
The debt service bill of the Marcos administration declined in August after amortization payments weakened, data from the Bureau of the Treasury showed. Total debt payments hit P68.3 billion in August this year, down nine percent compared with P75.08 billion in the same month last year, the...
The Marcos administration completed its debut in the overseas debt markets that raised $2 billion in new borrowings, describing it as a vote of confidence by foreign investors in the new government, the Department of Finance (DOF) said. The Bureau of the Treasury on Thursday, Oct. 6, concluded the...
The National Government (NG) has returned to the overseas debt markets for budgetary support, marking President Marcos' foray into foreign commercial borrowing, data from the Bureau of the Treasury showed. Based on a Treasury document seen by reporters on Wednesday, Oct. 5, the Marcos...
The Bureau of the Treasury made another partial award of its long-term debt papers due to higher returns. At Tuesday’s auction on Oct. 4, the reissued Treasury bonds, with a remaining life of two years and six months, fetched an average interest rate of 5.746 percent, higher than the 5.551...
The Department of Finance (DOF) vowed to modernize the government’s main tax agencies following the swift approval of its proposed budget for next year. In a statement, Finance Secretary Benjamin E. Diokno said on Monday, Oct. 3, that the DOF is planning to spend P30.57 billion in 2023, higher by...
The national government failed to borrow through the sale of short-term notes from the domestic market after investors sought for higher returns. At Monday's auction of Treasury bills on Oct. 3, the bureau did not award bellwether the 91-day IOUs, which banks use in pricing their loans, after...
Government debt breached the P13 trillion-level in August. The Bureau of the Treasury reported on Friday, Sept. 30, that the total outstanding debt of the national government stood at P13.021 trillion as of August, an increase of 12 percent or P1.379 trillion from P11.642 trillion a year ago. Of...
The national government’s budget deficit significantly narrowed in August this year due to robust collections of its two main tax agencies, data from the Bureau of the Treasury showed. The Marcos administration incurred a P72 billion fiscal gap during the month, down 40 percent from P120.9...
The Bureau of the Treasury maintained its domestic borrowing program at P200 billion for next month. Based on the Treasury advisory Wednesday, Sept. 28, the October financing plan of the Marcos administration was unchanged from the program for September. The bureau indicated that it will sell P60...
Investors continued to ask for higher interest rates from the government, prompting the Bureau of the Treasury to reject offers for the three-month and one-year debt papers. At an auction of Treasury bills on Tuesday, Sept. 27, offers for the bellwether 91-day rate, which banks use in pricing their...
