The Bureau of the Treasury (BTr) is eyeing to raise P140 billion next month through the regular issuance of its treasury bills and treasury bonds.
The BTr, in a memorandum posted on its website yesterday, released the schedule of treasury bills and treasury bonds for the month of October, which is P20 billion lower than the P160 billion programmed for September.
The BTr usually issues a quarterly domestic borrowing program, but it has released its planned offering on a monthly basis since April, as it took into consideration recent developments, particularly the coronavirus pandemic.
The amount programmed in October is lower than the figure set in September since there were five weeks for treasury bills issuance this month.
In October, the 91-day, 182-day and 364-day treasury bills will be auctioned four times, with volumes of P5 billion, another P5 billion and P10 billion, respectively, for a total of P20 billion every auction.
The BTr will also auction three-year and five-year treasury bonds in October, with a volume of P30 billion for every auction.
The government agency opted for a shorter tenor for its treasury bonds next month versus that of September.
“Preference is on short to intermediate part of curve,” Rosalia de Leon, national treasurer, told reporters in a Viber group yesterday. – A. Celis
