The Bureau of the Treasury (BTr) is eyeing to raise P200 billion from the domestic market through its issuance of treasury bills and treasury bonds for the month of February.
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.
The 91-day, 182-day and 364-day treasury bills will be auctioned every Monday, with volumes of P5 billion per tenor.
The BTr will also auction treasury bonds for every Tuesday of February.
Tenors to be issued include three-year bonds, five-year securities, 10-year IOUs and a 13-year paper.
The volume remains at P35 billion for every treasury bonds auction.
Meanwhile, the BTr fully awarded the reissued 10-year treasury bonds during yesterday’s auction.
With nine years and seven months to maturity, the security fetched an average rate of 5.913 percent, lower than the previous 10-year auction rate as well as the secondary market benchmark.
The auction attracted P93.7 billion in total tenders, reaching 2.7 times the P35 billion offer.
With its decision, the committee was able to raise the full program.
