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MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Tuesday:
Philippines awards $451mn T-bill offer
BTr fully awards offer of 25 billion Philippine pesos ($449 million) of T-bills
Tenders total 70.3 billion pesos
BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.546% versus previous auction avg of 5.573%
BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.650% versus previous auction avg of 5.667%
BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.655% versus previous auction avg of 5.697%