Strong sales of affordable retail treasury bonds (RTBs) which were issued last month jacked up the outstanding value of locally issued IOUs to a new high of P7.2 trillion in end-March.
The latest Bureau of the Treasury data on Wednesday showed that the total face amount of outstanding treasury bills and bonds further rose from P6.82 trillion in February.
Outstanding T-bills amounted to P1.05 trillion, while bonds reached P6.15 trillion.
RTBs climbed to P2.59 trillion after the Treasury last March 9 settled P463.3 billion in three-year debt paper at a coupon rate of 2.375 percent.
The government’s 25th overall and the Duterte administration’s eighth RTB sale raised P411.8 bill…
Keep on reading: Outstanding gov’t-issued IOUs hit new high of P7.2T in March