Gov’t to borrow P250 billion from domestic market in June - BusinessWorld Online

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The National Government plans to borrow P250 billion from the domestic market in June, the Bureau of the Treasury (BTr) said on Wednesday. READ:

THE NATIONAL Government plans

For the long-term tenors, BTr is looking to raise P35 billion in three-year T-bonds on May 31; P35 billion inve-year debt papers on June 7; P35 billion in seven-year instruments on June 14; P35 billion in 10-year securities on June 21; and in seven-year papers again on June 27. A trader said in an e-mailed message that he does not expect the Treasury to scale down its scheduled borrowings in the coming months.

“With this, and this month’s CPI focus for June, [the] market will continue to be defensive moving forward.”

 

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Belgique Dernières Nouvelles, Belgique Actualités