Philippines raises $339 million from 2031 T-bond auction
The Philippine Treasury sold 21.38 billion pesos of reissued 2031 bonds at an average rate of 7.830%, Reuters reported.
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what happened
The Philippine Bureau of the Treasury (BTr) held an auction of reissued 2031 T-bonds on Tuesday, Reuters reported. The bureau awarded 21.38 billion pesos, equal to $339.33 million, at an average rate of 7.830%.
The offer was 30 billion pesos, so the amount actually placed came in below the planned volume. Total tenders reached 27.58 billion pesos. Full details are available on the Treasury's website.
why it matters
The result shows the rate at which Manila is borrowing over the medium term and the appetite of investors for peso-denominated government debt. Placing less than the planned amount suggests the Treasury did not push to accelerate borrowing, a useful reference point for currency traders and funds holding Philippine bonds.
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- Philippines raises $339 mln from T-bond offer — Reuters, 20 October 2026 at 05:10 UTC
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