For the third quarter of 2023, the government will borrow a massive 38.959 billion in treasury notes.
According to the Ministry of Finance’s issuance calendar, this will be accomplished by the issuing of 91-day, 182-day, and 364-day notes.
The short-term debt instruments will be issued on a weekly basis to address the government’s increasing liquidity requirements.
They will be done by the main auction, with settlement being the transaction date plus one working day.
However, the government indicated that the gross borrowing amount is intended to guide the market and may be amended when transaction advertisements are released. It may also revise the issuing schedule on a monthly basis to reflect a full quarter financing plan.
It informed all stakeholders and the general public that it will continue to work to improve predictability and transparency in the domestic capital market.
Because of the country’s economic woes, the government has also borrowed from the treasury market from October 2022.
Except for T-bills, all financial instruments have been reformed.
The country’s internal debt increased by 15.7 billion to 247.9 billion in the first four months of 2023.
T-bills of 3.07 billion dollars will be released today, August 11, 2023.
Meanwhile, the government would borrow $3.07 billion in bills ranging from 91 to 364 days.
This will be used to refinance 2.84 billion in maturing debts.
