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Gov’t IOUs up to P4.59T as of end July

By: - Reporter / @bendeveraINQ
/ 05:20 AM August 11, 2018

The value of outstanding government-issued debt paper further increased to P4.59 trillion in July.

The latest Bureau of the Treasury data showed the combined outstanding treasury bills and bonds at the end of the seven-month period inched up from P4.58 trillion in June.


Treasury bonds stood roughly the same at P4.19 trillion from a month ago.

Outstanding treasury bills, meanwhile, rose to P402.3 billion from end-June’s P380.9 billion.


For the T-bills, P119.6 billion was from the auction of 91-day IOUs; P133 billion from 182-day debt paper; and P149.7 billion from 364-day treasury bills.

For the T-bonds, three-year IOUs amounted to 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.

The 10-year agrarian reform bonds fetched P7.9 billion; 20-year IOUs, P336.6 billion, and 25-year debt paper, P235.9 billion.

For the $6.58-million Philippine Par Bond redenominated into 28.5 years, the amount totaled P97.1 million.

Outstanding RTBs reached P1.336 trillion.

The Treasury was also monitoring P909.3 billion in benchmark bonds; P50-billion 25-year CB-BoL T-bonds; and P26.6 billion in onshore dollar T-bonds.

For the third quarter, the Treasury will sell P300 billion in T-bills and T-bonds, lower than the second quarter’s P325-billion program.


National Treasurer Rosalia V. de Leon had said one of the reasons for the lower domestic borrowing program for July to September was the issuance of retail treasury bonds in June.

For its 21st RTB sale to small investors, the government raised P121.8 billion.

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