Philippines awards $641mn in T-bills

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

• BTr awards 37.8 billion pesos ($641.19 million), above 27 billion pesos programme
• Tenders total 155.98 billion pesos
• BTr awards 12.6 billion pesos of 91-day T-bills at avg rate of 4.666% versus previous auction avg of 4.723%
• BTr awards 12.6 billion pesos of 182-day T-bills at avg rate of 4.751% versus previous auction avg of 4.817%
• BTr awards 12.6 billion pesos of 364-day T-bills at avg rate of 4.827% versus previous auction avg of 4.888%