Gov’t-issued debt paper rose to P4.7T in Nov

The total value of outstanding government-issued debt paper further increased to P4.71 trillion as of November on sustained borrowings for the massive infrastructure program and bigger budgetary requirements.

The combined outstanding treasury bills and bonds at the end of the first 11 months rose from P4.62 trillion in October, the latest Bureau of the Treasury data showed.

The amount of outstanding treasury bonds jumped to P4.23 trillion from P4.16 trillion a month ago.

Meanwhile, outstanding treasury bills climbed to P481.2 billion from end-October’s P461.7 billion.

For the outstanding T-bills, P95.5 billion were from the auction of 91-day IOUs, P171.3 billion from 182-day debt paper and P214.4 billion from 364-day treasury bills.

Among the outstanding T-bonds, three-year IOUs had a face amount of P94.9 billion; five-year debt paper, P261.5 billion; seven-year treasury bonds, P566.8 billion; and 10-year bonds, P400 billion.

As for the 10-year agrarian reform bonds, the outstanding amount was P8.9 billion; 20-year IOUs, P336.6 billion; and 25-year debt paper, P235.9 billion.

Of the $6.58-million Philippine Par Bond redenominated into 28.5 years, the outstanding amount was P97.1 million.

Outstanding retail treasury bonds amounted to P1.3 trillion.

Also outstanding were P909.3 billion in benchmark bonds, P50-billion 25-year Central Bank Board of Liquidators bonds and P26.2 billion in onshore dollar T-bonds.

The national government’s domestic borrowings through the issuance of bills and bonds accounted for the bulk of the total debt stock of P7.17 trillion as of end-October.

Foreign debt, meanwhile, declined 0.9 percent month-on-month but climbed by a faster 11.5 percent year-on-year to P2.55 trillion as of October.