The total amount of outstanding government-issued IOUs slightly declined to P4.14 trillion at end-May as more debt paper matured that month.
The latest Bureau of the Treasury data showed that the combined value of outstanding treasury bills and bonds at the end of last month decreased from P4.16 trillion in April, during which the government issued P181 billion in retail treasury bonds (RTBs).
Also in May, treasury bonds accounted for the bulk of outstanding debt paper, which had a face amount totaling P3.83 trillion, down from P3.86 trillion a month ago.
Outstanding treasury bills amounted to P302.9 billion, up from P299.6 billion in the previous month.
Among the outstanding T-bonds, three-year IOUs amounted to P45 billion; five-year debt paper, P346.4 billion; seven-year treasury bonds, P556.9 billion; and 10-year T-bonds, P369.8 billion.
For 10-year agrarian reform bonds, the outstanding amount was at P6.9 billion; 20-year IOUs, P304.3 billion; and 25-year debt paper, P235.9 billion.
Of the $6.582-million Philippine Par Bond redenominated into 28.5 years, P97.1 million remained outstanding.
Still to reach maturity were P983.9 billion worth of RTBs, P909.3 billion in benchmark bonds, P50 billion in 25-year CB-BoL T-bonds, and P24.9-billion onshore dollar T-bond.
As for the outstanding T-bills, P95 billion was from the auction of 91-day IOUs; P102.2 billion from 182-day debt paper; and P105.7 billion from 364-day treasury bills. —BEN O. DE VERA