Philippines awards $890 million T-bill offer

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

BTr awards 54.8 billion pesos ($890.48 million), within the 42 billion to 60 billion pesos programme Tenders total 167 billion pesos.

BTr awards 24 billion pesos of 91-day T-bills at avg rate of 5.008% versus previous auction average of 4.995%.

BTr awards 21 billion pesos of 182-day T-bills at avg rate of 5.442% versus previous auction average of 5.545%.

BTr awards 9.8 billion pesos of 364-day T-bills at avg rate of 5.613% versus previous auction average of 5.723%.