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MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:
Philippines awards $449mn T-bill offer
BTr fully awards offer of 25 billion pesos ($448 million)
Tenders total 78.4 billion pesos
BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.515% versus previous auction avg of 5.546%
BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.612% versus previous auction avg of 5.650%
BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.702% versus previous auction avg of 5.655%