In an advisory posted on Thursday, the BTr said it would borrow P30 billion in Treasury bills and P105 billion in Treasury bonds next month.Broken down, the government will oFor the longer tenors, the government will auction ove-year securities on Nov. 29; P35 billion in 12-year debt papers on Dec. 7; and P35 billion in 20-year instruments on Dec. 13.
“With seasonal illiquidity during the holidays to be expected, the P135-billion December borrowing plan was also in line with our expectations,” UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in a Viber message. Meanwhile, only P108.114 billion was raised via T-bonds against the initial P140-billion program, as only one out of the four auctions were fully awarded.