• The Philippines canceled another auction of treasury bonds as it sells a retail debt issue that bankers say has the potential to surpass a previous record.
• Cancellation of the 10-year treasury bond auction for Feb. 20 seeks to “provide a clear market” for the public offering of 5-year debts intended for retail investors, Bureau of the Treasury officer-in-charge Sharon Almanza says in a memorandum
• There’s “a good chance” that the volume will hit a new record but “it’s up to the BTr whether to raise that money or not,” says Ryan Martin Tapia, president of China Bank Capital.