Outstanding IOUs hit P3.827T at end-January

THE VALUE of outstanding debt paper sold by the government to investors reached P3.827 trillion as of end-January, the latest Bureau of the Treasury (BTr) data showed.
The bulk of outstanding IOUs to date was comprised of treasury bonds, which have a total face amount of P3.563 trillion.
The balance of P264.6 billion were treasury bills.
Of the outstanding T-bonds, three-year debt paper amounted P146.5 billion; four-year IOUs, P8.782 billion; five-year bonds, P177 billion; seven-year bonds, P486 billion; and 10-year bonds, P419.2 billion.
For 10-year AR bonds, the outstanding amount was P5.648 billion; P336.1 billion for 20-year debt paper; and P250.3 billion for 25-year IOUs.
Of the $6.582-million Philippine Par Bond redenominated into 28.5 years, P97.1 million remain outstanding.
Also outstanding T-bonds were retail treasury bonds worth P804.9 billion; benchmark bonds worth P850 billion; P50 billion in 25-year CB-BoL T-bonds; P5.925 billion in US dollar RTB; P267.4 million in euro RTB; and P22.1 billion in onshore dollar T-bond.
As for the outstanding Treasury bills, P81 billion came from the auction of 91-day debt paper.
The outstanding 182-day T-bills reached P84 billion.
For 364-day IOUs, the outstanding amount hit P99.6 billion.
In the first quarter, the BTr will sell P135 billion in treasury bills and bonds to domestic investors.
Last month, the government auctioned $2 billion in 25-year Republic of the Philippines or ROP bonds to foreign investors at a record-low coupon of 3.95 percent.
Of this offshore bond issuance, $1.5 billion was used to switch and retire old debt paper maturing between next year and 2034.