The Bureau of the Treasury is looking to raise another P45 billion next week through the auction of treasury bills and bonds to support the government’s spending plans this year.
If demand for treasurys remain strong, the BTr may again reopen its tap facility, as it did in recent weeks, to raise more funds from the local debt market. It upsized offers of treasury bills and bonds in the past auction to take advantage of the strong market appetite.
The BTr plans to auction on Monday a total P15 billion worth of treasury bills, or P5 billion each for the three-, six- and 12-month maturities.
On Tuesday, the agency will reopen 3-year bonds it issued in January at a cuopon rate of 6.00 percent and offer P30 billion during the auction.
The National Treasury has allowed interest rates on treasury to rise gradual amid strong demand and in line with the prevailing rates in the secondary debt market.
