Gov’t to raise P200B in Jan from Tbonds, Tbills

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The Bureau of the Treasury (BTr) is eyeing to raise P200 billion from the domestic market at the start of 2021, through its issuance of treasury bills and treasury bonds in January.

According to a memorandum posted by the BTr on its website yesterday, the government is programmed to borrow a total of P60 billion in treasury bills and P140 billion in treasury bonds.

The BTr will offer P15 billion in treasury bills per auction next month.

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The 91-day, 182-day and 364-day treasury bills will be auctioned every Monday, with volumes of P5 billion each.

The BTr will also auction treasury bonds for every Tuesday of January.

Tenors to be issued are four-year and 10-year IOUs, while the seven-year bonds will be auctioned off twice, with volumes of P35 billion each. – Angela Celis

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