Philippines awards $436 million T-bills at auction

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

• BTr fully awards offer of 25 billion pesos ($436.03 million)

• Tenders total 154.15 billion pesos

• BTr awards 8.5 billion pesos of 91-day T-bills at avg rate of 4.950% versus previous auction avg of 5.046%

• BTr awards 8.5 billion pesos of 182-day T-bills at avg rate of 5.148% versus previous auction avg of 5.222%

• BTr awards 8 billion pesos of 364-day T-bills at avg rate of 5.272% versus previous auction avg of 5.376%