National govt plans P437-B domestic borrowing in Q4

The National Government plans to borrow P437 billion from the domestic market in the fourth quarter through Treasury bills and bonds.

This borrowing plan is 36.6% lower than the P690 billion programmed in the previous quarter and 31.45% lower than the actual P637.448 billion raised in the third quarter.

The Bureau of the Treasury (BTr) intends to raise P262 billion through Treasury bills with maturities of 91, 182, and 364 days.

Additionally, P175 billion will be raised from Treasury bonds with maturities ranging from three to 25 years.

For October, the NG plans to borrow P180 billion domestically, consisting of P110 billion in T-bills and P70 billion in T-bonds.

National Treasurer Sharon P. Almanza stated that bond auctions will be biweekly with dual tenors.