Amendment to DOF Department Order 121-95 as Amended Providing for the Rules and Regulations for the Issuance, Placement, Sale, Service and Redemption of Treasury Bills and Bonds

November 14, 2006 DOF DEPARTMENT ORDER NO. 037-06 TO : Heads of Government-Owned and -Controlled Corporations (GOCCs), Local Government Units (LGUs), Tax-Exempt Institutions (TEIs) and All Parties Concerned SUBJECT : Amendment to DOF Department Order 121-95 as Amended Providing for the Rules and Regulations for the Issuance, Placement, Sale, Service and Redemption of Treasury Bills and Bonds 1.0 Purpose This Department Order is issued to amend certain provisions of DOF Department Order 141-95 as amended, specifically Sections 19 (b), 20 (c) and 21 (a) thereof. AcICHD 2.0 Sections 19 (b), 20 (c) and 21 (a) of DOF Department Order 141-95 as amended, are hereby modified and amended to read as follows: "Treasury Bills issued to GOCCs, TEIs, or LGUs shall be priced in accordance with the rates prescribed by the Bureau of the Treasury (BTr) based on the rate corresponding to the auctioned government securities or current market yield rates/price whichever is applicable." 3.0 Effectivity This Department Order shall take effect immediately. (SGD.) MARGARITO B. TEVES Secretary