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

Philippines awards $264 million T-bill offer

  • BTr awards 22.6 billion pesos ($400.92 million), above the 20 billion pesos programme: * Tenders total 53.1 billion pesos

  • BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.947% versus previous auction avg of 5.966%

  • BTr awards 9.1 billion pesos of 182-day T-bills at avg rate of 6.002% versus previous auction avg of 5.996%, above 6.5 billion pesos programme

  • versus previous auction avg of 6.022%

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