Gov’t plans to raise P437 billion from domestic mart – BusinessWorld Online
THE GOVERNMENT is looking to borrow P437 billion from the domestic market in the fourth quarter, the Bureau of the Treasury (BTr) said.
In a notice on its website, the BTr aims to borrow P262 billion through the issuance of Treasury bills (T-bills) and P175 billion from Treasury bonds (T-bonds).
The borrowing plan for the fourth quarter is 36% lower than the P690 billion borrowing plan for the third quarter..
Of the third quarter borrowing program, the government was able to raise P637.448 billion.
Based on its notice, all T-bond auctions will be dual offers to account for the holidays during the quarter. — Aaron Michael C. Sy
