Gov plans PHP735B domestic borrowings in Q2

The Philippine National Government plans to borrow PHP735 billion from the domestic market in the second quarter of 2025, according to a notice by the Bureau of the Treasury (BTr).

This borrowing includes PHP325 billion through Treasury bills and PHP410 billion via Treasury bonds.

The plan represents a 16.85% increase over the first quarter's domestic borrowing program, which was PHP629 billion.

Auctions for T-bills will take place on March 31, April 7, 14, 21, and 28, with weekly targets of P8 billion from 91- and 182-day tenors and P9 billion from 364-day T-bills.

For Treasury bonds, the government will offer various denominations in April, May, and June to meet its borrowing needs for the quarter.