The Bureau of the Treasury has scheduled the auction for P135 billion worth of Treasury bills (T-bills) and bonds to be issued by the government in the second quarter of this year.
National Treasurer Roberto B. Tan made this pronouncement in a memorandum he issued. The memo also indicated that there will be three public auctions for T-bills, each offering P20 billion worth of T-bills with maturities at 91 days, 182 days and 364 days. The public auctions for T-bills are set on April 6, May 4 and June 1.
Also scheduled are three public auctions for T-bonds, each offering P25 billion worth of T-bonds.
The auctions for T- bonds are scheduled on April 21 (10-year maturity); May 19 (five-year
maturity); and June 16 (three-year maturity).
Outstanding treasury bills issued by the government as of February 28 amounted to P276.63 billion, while outstanding treasury bonds as of the same period amounted to P3.55 trillion.
The outstanding national government debt was recorded at P5.75 trillion as of the end of January, most of which is owed to domestic creditors.
This is because of the government’s policy to rely more on domestic creditors to avoid additional risks and costs that entail foreign borrowing.