Business NEWS

The looming increase in the Bangko Sentral ng Pilipinas’ (BSP) policy rates caused the Philippines’ benchmark borrowings yields to rise, prompting the Bureau of the Treasury to reject all tenders.

Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed.

Benchmark interest rates rose across the board at Monday’s auction of short-term government debt papers on the back of higher consumer prices.

The national government has borrowed less in the first three months of the year as sources of state revenue start to normalize on the back of easing quarantine restrictions, data from the Bureau of the Treasury showed.

Government debt load in March soared by more than half a trillion pesos in the month of March alone on the back of borrowing spree from domestic and foreign lenders, data from the Bureau of the Treasury revealed.

The benchmark interest rate on debt falling due in three years rose at an auction of government IOUs at the Bureau of the Treasury.

Lingering uncertainties over aggressive tightening in the US and domestically pushed up most of the interest rates for short-term Philippine debt papers.

The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose.

The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported.

Short-term benchmark interest rates dipped as global oil prices eased.

After more than a month of partial award, the Bureau of the Treasury has finally made a full award of its short-term borrowing program as interest rates eased across the board.

Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations.

Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans.

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 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.

Lingering concerns over higher inflation pushed up the interest rate for long-term Philippine debt papers.

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.

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.