The government is eyeing to generate funds amounting to P310 billion in the last quarter of the year, through its regular issuance of treasury bills and treasury bonds.

According to a memorandum posted by the Bureau of the Treasury (BTr) yesterday, the government is looking to raise P220 billion via its treasury bills auction in October to December, and P90 billion by offering treasury bonds.

The treasury bills, which will be offered every Monday, will have a program of P20 billion per auction in the first eight weeks of the quarter.

The offer size will be reduced to P15 billion per auction for the succeeding four weeks.

For the treasury bonds, the government has programmed volumes of offering ranging from P15 billion to P45 billion per auction.

The sale of the government’s longer-term securities is held every Tuesday.

In October, the BTr is set to auction treasury bonds with tenors of five, seven and 10 years.

For November 2024, the BTr will auction five- and 20-year bonds.

Lastly, in December, there will be an auction for 10-year IOUs. 

As per tradition, there will be no treasury bills and bonds offer in the second half of December to give way to the Christmas holidays.