BoB eyes record P5.1bn debt for gov't

Prior to the January 30 auction the highest amount ever sought by the central bank in its monthly forays into the capital market was P4.6 billion in January 2025.

Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to lend to the government by offering the yields or returns they are seeking.