MANILA, Philippines—The Bureau of the Treasury will ramp up domestic borrowings in April by offering more T-bills and bonds to take advantage of easing rates and a financial system that remains awash in cash.
In a memorandum to all eligible government security dealers on Monday (March 29), National Treasurer Rosalia de Leon said a total of P170-billion worth of IOUs—P100 billion in short-dated treasury bills and P70 billion in T-bonds—will be auctioned off next month.
In the coming four Mondays of April, the Treasury will offer P25 billion each in T-bills—P5 billion in the benchmark 91-day, P8-billion in 182-day, and P12 billion in 364-day. The weekly volume will be bigger …
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