The national government plans to secure over P600 billion from the domestic market in the first quarter of next year, according to the Bureau of the Treasury (BTr). The BTr released its auction schedule for the first three months of 2025 for Treasury bills (T-bills) and Treasury bonds (T-bonds) with a total amount of P629 billion. Based on the notice signed by the Treasurer of the Philippines Sharon P.
Almanza, the government intends to auction a total of P264 billion worth of T-bills and P365 billion worth of T-bonds. For the T-bills, the BTr announcement stated that P22 billion worth of T-bills will be auctioned every week in January through March 2025. The BTr will auction P7 billion worth of the 91-day and 182-day T-bills and P80 billion of the 264-day bills. The issue dates are January 8, 15, 22 and 30 followed by February 5, 12, 19, and 26 as well as March 5, 12, 19, and 26. Meanwhile, for T-bonds, the BTr will auction a P125 billion worth of debt papers in January; P115 billion in February; and P125 billion in March. This will be composed of 5-year bonds with a volume offering of P30 billion slated for auction in January 9; 7-year T-bonds worth P30 billion in January 16; 10-year bonds at P30 billion in January 23; and 3-year and 25-year bonds worth P35 billion in January 30. For February, the BTr will auction P30 billion 5-year bonds on the 6th; P30 billion 7-year debt papers on the 13th; P30 billion 10-year bonds on the 20th; and 20-year T-bonds worth P25 billion on the 27th. For March, BTr will issue 5-year bonds with a volume offering of P30 billion on the 6th; 7-year debt papers worth P30 billion on the 13th; 10-year bonds worth P30 billion on the 20th; and 3-year and 25-year bonds worth P35 billion on the 27th. Earlier, the national government’s borrowings drew close to the P2.570-trillion full-year program as it climbed by double digits to P2.429 trillion as of the first 10 months of the year, to finance the fiscal defici