Outstanding bonds issued by gov’t hit P3.44T as of Feb

MANILA, Philippines - Outstanding bonds issued by the government stood at P3.44 trillion as of February this year, the Bureau of Treasury reported yesterday.

These bonds have varying tenors from three to 25 years.

Of the total amount, the government issued P3.16 trillion worth of Treasury bonds.

About P910.57 billion of the long-term debt comprised benchmark bonds or papers that can be traded in the secondary market.  These bonds will mature between March this year and December 2035.

The government issued P745.92 billion worth of retail treasury bonds (RTBs)which will mature beginning this year until 2037.

It also issued P468.37 billion worth of 10-year Treasury bonds and P357.52 billion worth of seven-year papers.

Aside from this, the government issued P230.58 billion worth of 25-year debt instruments, P223.32 billion worth of 20-year papers, P112.45 billion of five-year debt and P9 billion worth of four-year papers.

Other debt instruments issued were Philippine par bonds (P97 million), comprehensive agrarian reform program bonds (P7 billion), 25-year central bank-board of liquidators bonds (P50 billion), US dollar-denominated retail bonds (P16.28 billion), euro-denominated retail (P4.01 billion) and onshore dollar bonds (P20.35 billion).

Treasury bills are government securities which mature in less than a year while Treasury bonds mature beyond one year.