Philippines awards $442 million T-bills at auction

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

Philippines awards $438mn T-bill offer

• BTr fully awards 25 billion Philippine pesos ($442.38 million)

• Tenders total 73.91 billion pesos

• BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.546% versus previous auction avg of 5.422%

• BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.675% versus previous auction avg of 5.657%

• BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.691% versus previous auction avg of 5.722%