The government is eyeing to raise P630 billion in the third 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 eyeing to generate P260 billion via its treasury bills auction in July to September, and P370 billion by offering treasury bonds.
The treasury bills, which will be offered every Monday, will have a program of P20 billion per auction throughout the quarter.
This is higher than the previous volume of P15 billion per auction.
Specifically, the volume of offering is P6.5 billion each for the 91-day and 182-day securities while the programmed amount for the 364-day IOUs is P7 billion.
As for the treasury bonds, the government has programmed volumes of offering ranging from P25 billion to P30 billion per auction.
The sale of the government’s longer-term securities is regularly held every Tuesday.
In July, the BTr is set to auction treasury bonds with tenors of five, seven, 10 and 20 years.
For August 2024, the BTr will auction three-, five-, seven-, 14- and 20-year bonds.
Lastly, in September, there will be auctions for three-, five-, 10- and 20-year IOUs.
