Philippines awards $473mn T-bill offer

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

Philippines raises $517mn from T-bond offer

• BTr awards 27.6 billion Philippine pesos ($472.52 million), above 22 billion pesos programme

• Tenders total 91.1 billion pesos * BTr awards 7 billion pesos of 90-day T-bills at avg rate of 5.113% versus previous auction avg of 5.165%

• BTr awards 7 billion pesos of 181-day T-bills at avg rate of 5.488% versus previous auction avg of 5.503%

• BTr awards 8 billion pesos of 363-day T-bills at avg rate of 5.724% versus previous auction avg of 5.840%