Philippines awards $438mn T-bill offer

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

Philippines awards $427mn T-bill offer

• BTr fully awards 25 billion pesos ($438 million)

• Tenders total 74.5 billion pesos

• BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.422% versus previous auction avg of 5.393%

• BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.657% versus previous auction avg of 5.645%

• BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.722% versus previous auction avg of 5.726%