BTr readies P140B borrowing plan

The Bureau of the Treasury (BTr) will issue P140 billion worth of debt securities next month.

In a memorandum to government securities eligible dealers (GSEDs), National Treasurer Rosalia de Leon said P20 billion worth of treasury bills (T-bills) would be auctioned off each on Nov. 4, 11, 18, and 25.

The 91-day and 182-day T-bills will be offered for P5 billion each while the 364-day T-bills for P10 billion.

The government will issue P30 billion worth of three-year Treasury bonds (T-bonds) and another P30 billion worth of five-year T-bonds on November 5 and 19, respectively.

The government has set a PHP3-trillion borrowing program for this year, about 75 percent of which will be sourced domestically.

More than half of the program has been tapped in the first half.

The government tapped multilateral agencies for additional financing for this year to finance its spending on the coronavirus disease (Covid-19) to ensure a strong domestic recovery next year.

Meanwhile, de Leon said the launch of the second Premyo bond offering is scheduled for November 11.

The Premyo bond is among the government’s retail bond offerings for small investors, with the minimum placement set at P500 while the maximum placement is P10 billion.

It was first launched in November 2019 through an initial offer of P3 billion. | (PNA)

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