MANILA — The Philippines, one of Asia’s most active issuers of sovereign debt, plans to raise as much as 585 billion pesos ($10.49 billion) from the sale of treasury bills and bonds in the first quarter, its Bureau of the Treasury (BTr) said on Wednesday.
The BTr would hold weekly auctions for 91-day, 182-day and 364-day T-bills in January to March, offering up to 15 billion pesos at each.
It would also offer 120 billion pesos of T-bonds each in January and March, and 150 billion pesos in February, BTr said in a posting on its website.
($1 = 53.5420 Philippine pesos)
($1 = 55.7650 Philippine pesos)
— Reporting by Neil Jerome Morales; Editing by Martin Petty