IOUs hit P3.85T in Feb | Inquirer Business

IOUs hit P3.85T in Feb

By: - Reporter / @bendeveraINQ
/ 03:23 AM March 21, 2016

THE TOTAL amount of outstanding government-issued debt paper rose to P3.85 trillion as of February after the Bureau of the Treasury fully awarded the T-bills and T-bonds auctioned off that month at lower yields.

The latest Treasury data showed the February figure was higher than the P3.82 trillion recorded at end-January.

Last month, the Treasury awarded all P20 billion in T-bills offered as yields dropped across the board. It also sold P25 billion in reissued five-year T-bonds at a lower rate of 3.647 percent.

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At the end of February, treasury bonds totaling P3.75 trillion accounted for the bulk of outstanding debt paper. Outstanding treasury bills, meanwhile, reached P275.2 billion.

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Of the outstanding T-bills, P85.2 billion was from the auction of 91-day IOUs; P93.1 billion from 182-day debt paper; and P96.8 billion from 364-day treasury bills.

As for the outstanding T-bonds, three-year IOUs amounted P145.5 billion; five-year debt paper, P251.4 billion; seven-year treasury bonds, P469.1 billion; and 10-year T-bonds, P374.4 billion.

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TAGS: Bureau of the Treasury, Business, economy, News, T-bills, t-bonds

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