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Treasury cancels bond auctions worth P15B.
(From Philippine Daily Inquirer)
Byline: Clarissa S. Batino
THE BUREAU of Treasury yesterday announced the cancellation of three successive local bond auctions worth P9 billion originally slated for July.
The Treasury also announced the P6-billion reduction in the size of treasury bonds for sale next month.
National Treasurer Sergio Edeza said the government could afford to cut its domestic borrowings following the recent sale of the three- and five-year retail treasury bonds that raised P63.7 billion.
The Treasury has scrapped the auction of treasury bond auctions scheduled for July 1, July 8 and July 15, when the government had intended to sell P3 billion worth of bonds.
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