By Aaron Michael C. Sy, Reporter
THE PHILIPPINE GOVERNMENT has canceled its planned issuance of new fixed-rate Treasury notes (FXTN) this month as borrowing costs surged and the peso further weakened.
“Please be advised that the issuance of the five-year FXTN, as indicated in the schedule of Treasury bills and Treasury bonds issuances for the third quarter of 2026, is hereby cancelled,” the Bureau of the Treasury (BTr) said in a memorandum dated Sept. 15.
The BTr was initially scheduled to auction the new five-year FXTN on Sept. 22, while issuance was set for Sept. 24.
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