PH Govt To Borrow ₱200 Billion From Local Debt Market

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