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Gov’t to borrow P140 B locally in October

The Bureau of the Treasury is planning to borrow P140 billion from the domestic market in October this year.According to an online advisory posted today, the Treasury indicated that the national government will sell P80 billion worth of Treasury bills (T-bills) and P60 billion in Treasury bonds (T-bonds).

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The Treasury will hold a weekly auction for short-dated IOUs and offer longer tenor debt papers on a fortnightly basis.

The bureau will offer P5 billion worth of 91- and 182-day T-bills as well as P10 billion of 364-day notes every Monday and issue them on October 7, 14, 21 and 28.

Likewise, the agency will issue P30 billion worth of three- and five-year T-bonds on October 8 and October 22, respectively.

The October local borrowing plan is lower compared with the P160 billion programmed in September.

Data from the Treasury showed that the national government’s total borrowings rose to P2.469 trillion as of August this year.

Of that amount, local financing reached P1.96 trillion, while foreign borrowings amounted to P509.7 billion.

The Treasury is scheduled to release the August 2020 national government debt report today.

Credit belongs to : www.mb.com.ph

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