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

• BTr fully awards 20 billion pesos ($353 million)

• Tenders total 38.49 billion pesos

• BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.414% versus previous auction avg of 5.196%

• BTr awards 6.5 billion pesos of 183-day T-bills at avg rate of 5.474% versus previous auction avg of 5.005%

• BTr awards 7 billion pesos of 364-day T-bills at avg rate of 5.540% vs previous auction avg of 5.487%