In a memorandum to all government securities eligible dealers yesterday, the Bureau of the Treasury said it is targeting to raise P264 billion via the auction of 91, 182 and 364-day treasury bills (T-bills) from January to March next year.
The government aims to raise another P365 billion via the sale of Treasury bonds (T-bonds) with maturities of three to 25 years in the first quarter of 2024.
The Treasury holds the auction of short-term T-bills every Monday and long-term T-bonds every Tuesday.
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Bureaucratese
FIRST PERSON
NEDA
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