Philippines awards $540mn T-bill at auction

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

• BTr awards 32.06 billion pesos ($540.09 million)worth of T-bills
• Tenders total 99.42 billion pesos
• BTr awards 16.8 billion pesos of 91-day T-bills at avg rate of 4.750% versus previous auction avg of 4.985%
• BTr awards 10.71 billion pesos of 182-day T-bills at avg rate of 4.882% versus previous auction avg of 5.080%
• BTr awards 4.55 billion pesos of 364-day T-bills at avg rate of 5.168% versus previous auction avg of 5.204% ‑Reuters