Outstanding gov’t IOUs slightly down to P3.85T
THE OUTSTANDING IOUs issued by the government slightly went down to P3.85 trillion at the end of the first four months as a number of treasury bonds matured that month, the latest Treasury data showed.
The total face amount of outstanding debt paper in end-April was slightly lower than end-March’s P3.854 trillion.
The bulk of outstanding IOUs as of end-April were in treasury bonds, which have a face amount totaling P3.57 trillion, while P280.7 billion worth were in treasury bills.
Of the outstanding T-bonds, three-year debt paper remained at P146.5 billion or the same amount as of end-March; four-year IOUs, P8.78 billion; five-year bonds, P177 billion; seven-year bonds, P511 billion, and 10-year bonds, P406.8 billion.
For 10-year bonds, the outstanding amount was P5.88 billion; P336.1 billion for 20-year debt paper, and P250.3 billion for 25-year IOUs. Of the $6.58-billion Philippine par bond redenominated into 28.5 years, P97.1 million remains outstanding.
Also outstanding were retail treasury bonds (RTBs) worth P804.9 billion, benchmark bonds worth P850 billion, P50 billion in 25-year CB-BoL T-bonds and P22.1 billion in onshore dollar bonds.
Data showed that the P6.019 billion in US dollar RTBs as well as the P259.7 million in euro RTBs that were still outstanding during the first quarter reached maturity in April.
As for the outstanding treasury bills, P89 billion were from the auction of 91-day paper, P87.75 billion from 182-day IOUs and P103.94 billion from 364-day debt notes.
The Bureau of the Treasury has programmed to auction P135 billion worth of treasury bills and bonds during the second quarter.
