Philippines considers $10.4b borrowings in Q2

The Philippines plans to raise up to 585 billion Philippine pesos ($10.4 billion) through treasury bills and bonds in the second quarter, Reuters reported on Tuesday, citing Bureau of the Treasury (BTr).

Weekly auctions for 91-day, 182-day, and 364-day T-bills will be held from April to June, with up to 15 billion pesos offered at each auction.

Additionally, T-bonds worth 120 billion pesos will be offered in April and June, and 150 billion pesos in May.