Latest news with #BTr
Business Recorder
08-07-2025
- Business
- Business Recorder
Philippines raises $532mn from T-bond offer
MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of reissued 2032 T-bonds on Tuesday: BTr fully awards 30 billion pesos ($532.38 million) offer at an average rate of 6.128% Tenders total 64.04 billion pesos
Filipino Times
03-07-2025
- Business
- Filipino Times
PH debt nears ₱17 Trillion mark by May 2025 amid ongoing borrowing
The Philippine government's total outstanding debt surged to a new record high of nearly ₱17 trillion by the end of May 2025, according to data from the Bureau of the Treasury (BTr) released Thursday. This increase comes as the government continues to raise funds to support its budget needs. As of end-May, the country's total debt reached ₱16.92 trillion, reflecting a 0.99% rise from the ₱16.75 trillion recorded in April. The Treasury attributed the growth mainly to successful net issuances of domestic government securities, signaling steady investor trust in the local economy. However, the appreciation of the Philippine peso helped slightly reduce the peso value of foreign debt. Domestic borrowings made up the bulk of the total debt at 69.6%, while external loans accounted for 30.4%. The BTr said this preference for local financing helps manage currency risks and supports the domestic capital market. The government reiterated its commitment to responsible debt management, ensuring that all borrowings align with broader fiscal and economic stability goals.
GMA Network
03-07-2025
- Business
- GMA Network
PH debt balloons to nearly P17 trillion
The Philippines' running sovereign debt stock has ballooned further to a fresh record-high of nearly P17 trillion as of end-May 2025 amid continued capital raising efforts by the government to back its budgetary requirements, data released by the Bureau of the Treasury (BTr) showed Thursday. The national government's outstanding debt stood at P16.92 trillion as of end-May this year, up 0.99% from the end-April level of $16.75 trillion. 'The minimal increase was primarily driven by the successful net issuances of new domestic securities, which reflect sustained investor confidence in the Philippine economy,' the Treasury said. 'This was partially offset by the valuation effects of a stronger peso, helping reduce the value of external obligations,' it added. The Treasury said the country's sovereign debt profile during the period was mostly comprised of domestic borrowings at 69.6%, while the remaining 30.4% was foreign obligations. 'This reflects the government's strong bias for domestically sourced financing, which helps mitigate foreign exchange risks and strengthen the local capital market,' the BTr said. 'The government remains committed to its prudent debt management strategy, ensuring borrowings are strategically aligned with fiscal objectives and overall macroeconomic stability,' it added. In particular, domestic debt amounted to P11.78 trillion as of end-May, up 1.64% from $11.59 trillion as of end-April 'mainly due to net issuances totaling P190.87 billion, but it was slightly tempered by the P0.91 billion downward valuation effect of a stronger peso against the US dollar.' Foreign debt, meanwhile, went down by 0.46% to P5.14 trillion from P5.16 trillion month-on-month on the back of the 'P3.55 billion in net repayments and the strengthening of the peso, which reduced the peso value of foreign debt by P29.35 billion.' 'These were partly offset by a P9.14 billion revaluation resulting from third-currency fluctuations against the US dollar,' the Treasury said. —LDF, GMA Integrated News
Business Recorder
25-06-2025
- Business
- Business Recorder
Philippines raises $618 million in T-bonds
MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of reissued 2028 and 2050 T-bonds on Wednesday: BTr partially awards 35.08 billion Philippine pesos ($618.07 million) at an average rate of 5.760% for 2028 T-bonds and 6.649% for 2050 T-bonds BTr awards 20 billion pesos for 2028 T-bonds and 15.08 billion pesos for 2050 T-bonds, versus 40 billion pesos programme
Business Recorder
09-06-2025
- Business
- Business Recorder
Philippines awards $513 million in T-bills
MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of T-bills on Monday: BTR awards 28.6 billion Philippine pesos ($512.58 million), above 25 billion Philippine pesos programme Tenders total 98.3 billion pesos BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.451% versus previous auction avg of 5.452% BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.524% versus previous auction avg of 5.565% BTr awards 12.6 billion pesos of 364-day T-bills at avg rate of 5.656% versus previous auction avg of 5.680%
