Economy
Philippines plans up to $10.4 billion domestic borrowing in Q2
MANILA (Reuters) – The Philippines, one of Asia’s most active issuers of sovereign debt, plans to raise as much as 585 billion Philippine pesos ($10.4 billion) from treasury bills and bonds in the second quarter, its Bureau of the Treasury (BTr) said on Monday.
The BTr would hold weekly auctions for 91-day, 182-day and 364-day T-bills in April to June, offering up to 15 billion pesos at each.
It would also offer 120 billion pesos of T-bonds each in April and June, and 150 billion pesos in May, BTr said in a posting on its website.
($1 = 56.28 Philippine pesos)
