MANILA — The Philippines, one of Asia’s most active issuers of sovereign debt, plans to raise as much as P629 billion ($10.75 billion) via treasury bills and bonds in the first quarter, its Bureau of the Treasury said.
The bureau would hold weekly auctions for 91-day, 182-day and 364-day T-bills in the January to March period, offering up to 22 billion pesos at each.
It would also offer T-bonds weekly in the first quarter.
The Southeast Asian nation plans to raise 125 billion pesos each in January and March, and 115 billion pesos from T-bonds in February, the bureau said in a posting on its website on Monday.
($1 = 58.51 Philippine pesos)
—Reporting by Neil Jerome Morales; Editing by Martin Petty