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Philippines Raises P55 Billion in Bonds, T-Bills Amid Rate Cuts

9/3/2025

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Summary

Story summary

The Philippine government successfully sold reissued Treasury bonds and T-bills at lower yields due to strong investor interest after a BSP rate cut.
P30 billion was raised from 10-year bonds and P25 billion from T-bills, indicating oversubscription.
The BSP has reduced rates by 150 basis points since August 2024, with another cut possible based on economic data.
The government plans to raise P220 billion this month to address a budget deficit of P1.56 trillion.

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Story summary

The Philippine government successfully sold reissued Treasury bonds and T-bills at lower yields due to strong investor interest after a BSP rate cut.
P30 billion was raised from 10-year bonds and P25 billion from T-bills, indicating oversubscription.
The BSP has reduced rates by 150 basis points since August 2024, with another cut possible based on economic data.
The government plans to raise P220 billion this month to address a budget deficit of P1.56 trillion.