• Govt securities issuances hit P3.9T


    The Philippine government has issued about P3.9 trillion worth of T-bonds and T-bills as of November, Treasury data show.

    Total treasury bond issuances reached P3.62 trillion, with benchmark bonds accounting for to P1.03 trillion.

    Retail treasury bonds (RTBs) totaling P753.2 billion followed, with seven-year bonds (P469.1 billion), 10-year bonds (P380.83 billion), 20-year bonds (P298.3 billion), 25-year bonds (P235.9 billion) and five-year bonds (P226.4 billion) next.

    Also, three-year bond issuances to date amounted to P145.5 billion; the 28.5-year Philippine Par bond hit P97.05 billion; 25-year Central Bank Board of Liquidators (CB-BoL) bonds, P50 billion; on-shore dollar-denominated bonds, P23.55 billion; and 10-year AR bonds, P6.7 billion.

    Total T-bill issuances of the government amounted to P273.97 billion.

    The bulk was accounted for by the 182-day paper at P94.95 billion, followed by the 364-day T-bill at P94.74 billion and the 91-day T-bill at P84.28 billion.

    The Philippines, in recent years, hasvored domestic fund sources to take advantage of a ow interest rate environment as well as the high liquidity situation in the country.



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