The Bureau of the Treasury (BTr) is eyeing to raise P135 billion from the domestic market through its issuance of treasury bills and treasury bonds in the last month of the year.
The programmed amount is significantly less than the P215 billion set this month as the BTr traditionally just issues treasury bills and bonds in the first two weeks of December to make way for the holidays.
According to a memorandum posted by the BTr on its website yesterday, the government is programmed to borrow a total of P30 billion in treasury bills and P105 billion in treasury bonds.
Specifically, the BTr will offer P15 billion in treasury bills in two auctions next month.
The 91-day, 182-day and 364-day treasury bills will be auctioned in the first two Mondays of December, with volumes of P5 billion per tenor.
The BTr will also offer treasury bonds in the first three Tuesdays of December.
Tenors to be issued include a five-year treasury bond, 12-year IOU and a 20-year paper.
The volume remains at P35 billion for every treasury bonds auction.
