By Aaron Michael C. Sy and Beatriz Marie D. Cruz, Reporters
THE PHILIPPINES is looking at borrowing P310 billion from the domestic market in the fourth quarter, the Bureau of the Treasury (BTr) said on Thursday, amid expectations of further rate cuts that could drive yields lower.
The planned auctions put the government on track for its full-year borrowing target, National Treasurer Sharon P. Almanza said in a Viber message.
This year’s borrowing plan is set at P2.57 trillion — P1.92 trillion from domestic sources and P646.08 billion from overseas, according to Treasury data.
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