Gov't seeks P3.1bn in fresh funding round
Friday, March 21, 2025 | 630 Views |
Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme
The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.
The 21-year inflation-linked bond, first mulled two years ago, was expected to be sought after by the market as a hedge against inflation.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...