Philippines awards $642 million in T-bills

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

• BTr awards 37.8 billion Philippine pesos ($641.95 million), above the 27 billion pesos programme
• BTr awards 12.6 billion pesos of 91-day T-bills at avg rate of 4.579% versus previous auction avg of 4.666%
• BTr awards 12.6 billion pesos of 182-day T-bills at avg rate of 4.672% versus previous auction avg of 4.751%
• BTr awards 12.6 billion pesos of 364-day T-bills at avg rate of 4.689% versus previous auction avg of 4.827%