The Bureau of the Treasury (BTr) is eyeing to raise P60 billion for December through the regular issuance of treasury bills and treasury bonds.
According to a memorandum posted by the BTr on its website yesterday, the government is programmed to raise a total of P20 billion via treasury bills and P40 billion in treasury bonds.
The amount to be raised by the BTr from the domestic market in December is significantly smaller than the P225 billion programmed for the previous month.
Traditionally, the BTr only conducts its regular auction during the first half of December to give way to the Christmas holiday celebrations.
The BTr will offer P10 billion in treasury bills per auction this month.
The 91-day, 182-day and 364-day treasury bills will be auctioned every Monday, with volumes of P3 billion each for the first two tenors and P4 billion for the one-year paper.
The BTr will also auction treasury bonds every Tuesday in December. Tenors to be issued include a 10-year security and 15-year IOU.
The programmed volume of offering for every treasury bonds auction is at P20 billion each.
