MANILA: The Philippines' Bureau of Treasury rejected all bids submitted by banks at an auction of 91-day T-bills on Monday and withdrew its offer of 2 billion pesos ($46 million) worth of the short-term paper.
But it awarded 2.0 billion pesos worth of 182-day T-bills and 3.5 billion pesos worth of 364-day T-bills at the same auction.
The Treasury had also rejected all bids for 91-day paper at its last regular auction on May 14.
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