Philippines awards $439mn T-bill offer

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

• BTr fully awards 25 billion pesos ($438.54 million)

• Tenders total 94.9 billion pesos

• BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.287% versus previous auction avg of 5.318%

• BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.506% versus previous auction avg of 5.535%

• BTr awards 9 billion pesos of 364-day T-bills at avg rate of 5.612% versus previous auction avg of 5.637%