MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:
Philippines awards $401mn T-bill offer, above programme
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BTr awards 22.6 billion pesos ($401.49 million), above the 20 billion pesos programme
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Tenders total 64.5 billion pesos * BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.840% versus previous auction avg of 5.947%
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BTr awards 9.1 billion pesos of 182-day T-bills at avg rate of 5.980% versus previous auction avg of 6.002%
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BTr awards 7 billion pesos of 364-day T-bills at avg rate of 6.029% versus previous auction avg of 6.040%
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