The national government rejected all bids for its short- and long-term debt paper offerings after investors sought for higher returns. At Wednesday’s dual auctions, Nov. 2, the Bureau of the Treasury failed to borrow P50 billion from the sale of three-, and six-months notes as well as one-, and...
Despite rising interest rates due to high inflation plus interest rate hikes here and abroad, the Bureau of the Treasury increased its domestic borrowing program for November. Based on the Treasury advisory on Thursday, Oct. 27, the November financing plan of the Marcos administration increased by...
The national government’s budget deficit slightly narrowed in September as revenue collection outstripped last year’s performance due to the above target tax take by the Bureau of Customs. Data from the Bureau of the Treasury showed on Wednesday, Oct. 26, that the Marcos administration incurred...
The Bureau of the Treasury borrowed less than expected after yield on long-term debt papers rose. The interest rate on the reissued 25-year Treasury bonds with a remaining life of 12 years and 11 months settled at 7.887 percent, above the prevailing secondary market rates of 7.233 percent to 7.368...
The national government borrowed less than programmed at lower interest rates. At Monday's auction of Treasury bills, Oct. 24, the national government awarded only P6.65 billion, equivalent to only 44.36 percent of the national government’s P15 billion program for the week. The bellwether 91-day...
The national government borrowed P35 billion from the domestic market despite higher returns. The benchmark coupon rate on debt falling due in 10-years rose to 7.5 percent from 6.75 percent when same instrument was sold in last Sept. 13. Likewise, the yield is slightly higher than the 7.202 percent...
The amount of subsidy the Marcos administration extended to government owned and controlled corporations (GOCCs) was slashed by more than half in August, but bulk of it went to the Philippine Health Insurance Corp. (PhilHealth). Based on the Bureau of the Treasury data, financial support extended...
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...
