Outstanding gov’t debt paper hit P4.9T in Jan

The total amount of outstanding government-issued debt paper further rose to P4.91 trillion in January as demand for the IOUs offered by the Bureau of the Treasury at the start of the year was boosted by expectations of easing domestic inflation.

The combined outstanding treasury bills and bonds as of last month increased from P4.78 trillion at end-2018, the latest Treasury data showed.

The amount of outstanding treasury bonds climbed to P4.35 trillion from P4.28 trillion in December last year.

Outstanding treasury bills jumped to P555.9 billion from P494.3 billion a month ago. Of the amount, P104.2 billion were from the auction of benchmark 91-day IOUs, P174.6 billion from 182-day debt paper and P277.2 billion from 364-day treasury bills.

As for outstanding T-bonds, three-year IOUs have a face amount of P94.9 billion; five-year debt paper, P261.5 billion; seven-year treasury bonds, P584.3 billion; and 10-year T-bonds, P438.2 billion.

For the 10-year agrarian reform bonds, the outstanding amount was P8.9 billion; 20-year, P368.1 billion; and 25-year, P235.9 billion.

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

Outstanding retail treasury bonds amounted P1.34 trillion.

Also outstanding were P909.3 billion in benchmark bonds, P50-billion 25-year CB-BoL T-bonds and P26.1 billion in onshore dollar T-bond.