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

Philippines fully awards $353mn T-bill offer

• BTr fully awards 20 billion pesos ($348.5 million)

• Tenders total 51.7 bln pesos

• BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.444% versus previous auction avg of 5.414%

• BTr awards 6.5 billion pesos of 182-day T-bills at avg rate of 5.668% versus previous auction avg of 5.474%

• BTr awards 7 billion pesos of 364-day T-bills at avg rate of 5.623% vs previous auction avg of 5.540%