In a memorandum to all government securities eligible dealers released yesterday, the Bureau of the Treasury said it intends to raise P310 billion from both short-term T-bills and longterm T-bonds from October to December.
Broken down, it will auction off P220 billion in T-bills via the 91, 182 and 364-day tenors. It will also raise P90 billion from T-bonds with maturities of five to 20 years.
The Treasury holds the auction of short-dated T-bills every Monday and T-bonds every Tuesday.
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