IOUs issued by gov’t hit P4.58T as of June

/ 05:36 AM July 13, 2018

The amount of outstanding government-issued IOUs rose to P4.58 trillion at the end of the first half following the issuance of retail treasury bonds (RTBs) in June.

The combined value of outstanding treasury bills and bonds at the end of the first six months rose from P4.42 trillion in May, the latest Bureau of the Treasury data showed.


As of end-June, outstanding treasury bonds increased to P4.2 trillion from P4.06 trillion a month ago.

Outstanding treasury bills rose to P380.9 billion from end-May’s P359.9 billion.


For the outstanding T-bills, P121.9 billion was from the sale of 91-day IOUs while P122.6 billion and P136.5 billion were from 182-day and 364-day debt paper, respectively.

Among the outstanding T-bonds, three-year IOUs have a face amount of P79.9 billion; five-year debt paper, P206.8 billion; seven-year treasury bonds, P617.2 billion; and 10-year T-bonds, P391.5 billion.

As for 10-year agrarian reform bonds, the outstanding amount was P7.6 billion; 20-year IOUs, P336.6 billion; and 25-year debt paper, P235.9 billion.

Of the $6.582-million Philippine Par Bond redenominated into 28.5 years, the outstanding amount was P97.1 million.

Outstanding RTBs reached P1.336 trillion, up from P1.214 trillion in May.

To recall, the government raised P121.8 billion from three-year IOUs sold to small investors during the 21st RTB sale last month.

The debt paper maturing in 2021 were issued at a yield of 4.875 percent.


Also outstanding were P909.3 billion in benchmark bonds; P50-billion 25-year CB-BoL T-bonds; and P26.7 billion in onshore dollar T-bond. —BEN O. DE VERA

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TAGS: Bureau of the Treasury, government-issued IOUs, retail treasury bonds (RTBs)
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