Philippines awards $379mn 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 $515mn from T-bond offer

• BTr fully awards 22 billion pesos ($379 million)

• Tenders total 50.1 billion pesos * BTr awards 7 billion pesos of 91-day T-bills at avg rate of 5.128% versus previous auction avg of 5.101%

• BTr awards 7 billion pesos of 182-day T-bills at avg rate of 5.562% versus previous auction avg of 5.477%

• BTr awards 8 billion pesos of 364-day T-bills at avg rate of 5.726% versus previous auction avg of 5.671%