Philippines awards $620mn 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 awards 37.65 billion Philippine pesos ($620.47 million) worth of T-bills
• Tenders total 73.5 billion pesos
• BTr awards 16.8 billion pesos of 91-day T-bills at avg rate of 4.558% versus previous auction avg of 4.542%
• BTr awards 12.6 billion pesos of 182-day T-bills at avg rate of 4.737% versus previous auction avg of 4.649%
• BTr awards 8.25 billion pesos of 364-day T-bills at avg rate of 5.184% versus previous auction avg of 5.052% ‑Reuters