Negosyante News

November 22, 2024 4:55 am

PH Govt To Borrow ₱200 Billion From Local Debt Market

IMG Source: Philstar

The government will borrow ₱200 billion from the domestic market in February as interest rates continue to decline for both short and long-term securities.

 

The Bureau of the Treasury released a memorandum to all government securities eligible dealers to auction off ₱15 billion each in T-bills for Jan. 30 and the three Mondays of February.

 

The T-bonds on offer will have maturities of 13, 5, 3, and 10 years, respectively.

 

This January, the Treasury raised ₱58.4 billion in T-bills and upsized ₱154 billion in T-bonds.

 

The Development Budget Coordination Committee said inflation would go down from 2.5% to 4.5% in 2023 as global oil prices start to stabilize.

 

Thus, interest rates are expected to lower this 2023 as inflation locally and globally is also easing.

 

 

Source: Philstar

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