Philippine Treasury says Q3 domestic debt sales to raise $10.7 bln

MANILA – The Philippines plans to raise as much as 630 billion Philippine pesos ($10.70 billion) from the sale of treasury bills and bonds in the third quarter, the Bureau of the Treasury (BTr) said on Thursday.

The BTr would hold weekly auctions for 91-day, 182-day and 364-day T-bills in July to September, offering up to 20 billion pesos each.

It would also offer 115 billion pesos of T-bonds each in July and September, and 140 billion pesos in August, BTr said in a posting on its website. – Reuters