‘Premyo’ bonds sale hits P4.96B

National Treasurer Rosalia de Leon / INQUIRER FILE PHOTO

The government sold P4.961 billion in one-year “premyo” bonds amid strong investor interest in government securities as well as in winning raffle prizes, National Treasurer Rosalia de Leon said on Saturday.

The actual volume of premyo bonds snapped up by small investors surpassed the minimum of P3 billion that the Treasury had intended to award.

The premyo bonds will be issued on Dec. 18, Wednesday.

De Leon earlier said the premyo bonds offering coincided with the huge volume of securities that matured last November which amounted to P190 billion.

The latest Treasury data showed that the amount of outstanding IOUs sold by the national government as of the end of November declined to P5.1 trillion from P5.3 trillion in October.

Outstanding treasury bills (T-bills) further dropped to P506.2 billion as of November from P530.4 billion a month ago.

Also, outstanding treasury bonds (T-bonds) declined to P4.6 trillion from P4.8 trillion during the previous month.

Among the outstanding T-bills, P89 billion were 91-day IOUs; P129.8 billion, 182-day debt paper; and P287.4 billion, 364-day T-bills.

As for the outstanding T-bonds, the three-year IOUs have a face amount of P154.9 billion; five-year debt paper, P291.5 billion; seven-year T-bonds, P433.5 billion; and 10-year bonds, P507.3 billion.

The outstanding amount for 10-year agrarian reform bonds was P8.8 billion; 20-year IOUs, P420.3 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. INQ