The Bureau of the Treasury (BTr) is eyeing to raise P215 billion from the domestic market, through its issuance of treasury bills and treasury bonds in June.
The volume programmed for next month is P45 billion higher than the P170 billion scheduled for May as the BTr added more treasury bond auctions in June.
“Previous auctions saw good reception on long tenors as investors hunt for better yields,” Rosalia de Leon, national treasurer, told reporters via Viber yesterday.
According to a memorandum posted by the BTr on its website yesterday, the government is programmed to borrow a total of P75 billion in treasury bills and P140 billion in treasury bonds.
The treasury bonds offering for next month is double the program for May, while the total volume of offering for treasury bills was reduced from P100 billion this month.
Specifically, the BTr will offer P15 billion in treasury bills per auction in June.
The 91-day, 182-day and 364-day treasury bills will be auctioned five times next month, or once a week, with volumes of P5 billion per tenor.
The BTr will also auction five-year, seven-year, 10-year and 20-year treasury bonds, with a volume of P35 billion each. – Angela Celis
