Philippines awards $379 million 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 22 billion Philippine pesos ($378.59 million)

• Tenders total 97.2 billion pesos

• BTr awards 7 billion pesos of 91-day T-bills at avg rate of 4.884% versus previous auction avg of 4.880%

• BTr awards 7.5 billion pesos of 182-day T-bills at avg rate of 5.058% versus previous auction avg of 5.072%

• BTr awards 7.5 billion pesos of 364-day T-bills at avg rate of 5.097% versus previous auction avg of 5.119%