Gov’t trims debt target to P500m for March

According to a notice published this week, the BoB is due to offer three bonds ranging in maturity from five to 18 years, although technically, the central bank could add shorter-term treasury bills to the line-up of Friday’s auction or increase the allocations it makes on the three bonds.

The BoB, as government’s banker, conducts monthly auctions of short, medium and long term government treasury bills and bonds to primary dealers who are exclusively banks.