THE national government’s total gross borrowings from January to September declined by 28.25 percent on an annual basis to P1.867 trillion, latest Bureau of the Treasury (BTr) data showed. The end-September total borrowings was P735.33 billion lower than the P2.6 trillion recorded in the same period of last year. The…
The government ramped up its borrowings for the second consecutive month, more than doubling to P488.64 billion in September amid higher rates here and abroad.
THE national government’s total borrowings from January to August plunged by 42 percent to P1.378 trillion from P2.387 trillion last year, latest Bureau of the Treasury (BTr) data showed. The total 8-month total borrowings is 62.64 percent of the P2.2-trillion total borrowing target set by the national government this year.…
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MANILA - For the first time in months, the rate of the Bangko Sentral ng Pilipinas' (BSP) 28-day bills declined amid strong demand from investors. Data released Friday showed that the average rate of the debt paper slipped to 4.0518 percent from 4.0596 percent during the auction on September 2. The BSP lowered the offer volume from PHP100 billion to PHP90 billion, which the auction committee fully awarded. Total bids reached PHP160.05 billion. BSP Deputy Governor Francisco Dakila Jr. said in a statement that yields accepted in the auction "shifted higher but narrowed to a range of 3.9200 (percent to) 4.0990 percent." "The results of the BSP bill auction point to the gradual return to normal liquidity conditions in the short-term market following the settlement of the Retail Treasury Bonds," he said. "Looking ahead, the BSP's monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments." (PNA) }