Philippines sells 8.00 bln PHP of 91-day T-bills at auction

Philippines sells 8.00 bln PHP of 91-day T-bills at auction

The Philippine government successfully sold PHP 8.00 billion worth of 91-day Treasury Bills (T-Bills) at an auction held on July 2, 2025. The auction was conducted by the Bureau of the Treasury (BTr) and attracted strong market demand, as evidenced by the total amount raised.

The 91-day T-Bills are a popular instrument among investors due to their short maturity and liquidity. The BTr has been actively managing the issuance of these securities to meet the government's financing needs and maintain fiscal stability.

The auction results reflect the ongoing strong demand for Philippine government securities, as highlighted by the recent issuance of various tranches of Retail Treasury Bonds (RTB). For instance, the 5-year RTB Tranche 31 raised PHP 507.16 billion in August 2025, demonstrating the robust interest from both local and international investors [1].

The BTr has been implementing various measures to enhance the efficiency and accessibility of its auctions. For example, the recent introduction of online ordering facilities for RTB-31 has allowed individual investors to participate more easily in government securities offerings [5].

The successful sale of the 91-day T-Bills further underscores the Philippines' commitment to maintaining a sustainable debt management strategy. The government's ability to attract strong demand for its securities indicates confidence in the country's economic outlook and fiscal policies.

References:
[1] https://www.treasury.gov.ph/
[5] https://www.treasury.gov.ph/