THE outstanding Treasury bonds issued by the national government as of January 2015 amounted to P3.56 trillion, the Bureau of the Treasury (BTr) reported on Friday.
The amount was P20 billion higher than outstanding T-bonds as of the end of 2014.
The bulk of the outstanding T-bonds are benchmark bonds (P850.02 billion) with maturities ranging from 2016 to 2035, and coupon rates ranging from 4.1250 percent to a high of 9.125 percent.
The next biggest chunk of the outstanding T-bonds pertain to retail T-bonds (P804.88 billion), with maturity dates ranging from 2015 to 2037 and coupon rates of 3.25 percent to 7.375 percent.
In terms of maturity, the biggest chunk of the outstanding T-bonds are those with maturities ranging from seven to 25 years, as the government seeks to extend the maturity dates of its debt to free up more cash for spending now, so that the economy can be stimulated.
The current debt portfolio of the government indicates that the average maturity of government debt is at 9.9 years.
Outstanding seven-year T-bonds total P486.03 billion, while outstanding 10-year T-bonds amount to P419.22 billion. Outstanding 20-year T-bonds amount to P336.11 billion, while outstanding 25-year T-bonds amount to P250.33 billion.
Outstanding shorter-term T-bonds, such as the three-year, four-year and five-year bonds amounted to P146.46 billion, P8.78 billion and P176.99 billion, respectively.
Meanwhile, outstanding Treasury bills issued by the government of the 91-day, 182-day and 364-day tenors total P264.63 billion, as of the end of January 2015.