Philippines awards $451mn 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 $438mn T-bill offer

• BTr fully awards 25 billion pesos ($451 million)

• Tenders total 74.22 billion pesos

• BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.573% versus previous auction avg of 5.546%

• BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.667% versus previous auction avg of 5.655%

• BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.697% versus previous auction avg of 5.688%