Philippines awards $427mn T-bill offer

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

• BTr awards 25 billion pesos ($427 million) worth of T-bills
• Tenders total 85.26 billion pesos
• BTr awards 7 billion pesos of 91-day T-bills at avg rate of 4.812% versus previous auction avg of 4.849%
• BTr awards 10.5 billion pesos of 182-day T-bills at avg rate of 4.930% versus previous auction avg of 4.970%
• BTr awards 7.5 billion pesos of 364-day T-bills at avg rate of 5.011% versus previous auction avg of 5.003% ‑Reuters