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
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BTr fully awards 20 billion pesos ($353 million)
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Tenders total 38.49 billion pesos
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BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.414% versus previous auction avg of 5.196%
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BTr awards 6.5 billion pesos of 183-day T-bills at avg rate of 5.474% versus previous auction avg of 5.005%
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BTr awards 7 billion pesos of 364-day T-bills at avg rate of 5.540% vs previous auction avg of 5.487%
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