Gov’t IOUs slightly down to P4.2T at end-Nov
The total amount of outstanding government-issued IOUs declined to P4.207 trillion as of November as more T-bills matured that month.
The combined value of outstanding treasury bills and bonds at the end of the 11-month period decreased from end-October’s P4.215 trillion, the latest Bureau of the Treasury data showed.
From January to November, treasury bonds comprised the bulk of outstanding debt paper with a face amount of P3.871 trillion, up from P3.869 trillion a month ago.
Outstanding treasury bills amounted P336.4 billion, down from P345.9 billion in the previous month.
It was also in November when the Treasury had to cancel a couple of T-bonds and T-bills auctions to pave the way for an offering of retail treasury bonds (RTBs), which were settled in December.
The Treasury raised P255.4 billion from its RTB sale to small investors.
Among the outstanding T-bonds, three-year IOUs reached P45 billion; five-year debt paper, P315.3 billion; seven-year treasury bonds, P596.7 billion; and 10-year T-bonds, P408.4 billion.
As for 10-year agrarian reform bonds, the outstanding amount was P7.1 billion; 20-year IOUs, P319.3 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 unpaid.
Also outstanding were P958.4 billion in RTBs, P909.3 billion in benchmark bonds; P50 billion in 25-year CB-BoL T-bonds; and P25.2-billion onshore dollar T-bond. —BEN O. DE VERA
