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

Philippines raises $258.9mn from reissued T-bond auction

• BTr awards 27.6 billion Philippine pesos ($472.04 million), above 22 billion pesos programme

• Tenders total 93.9 billion pesos

• BTr awards 9.8 billion pesos of 91-day T-bills at avg rate of 5.165% versus previous auction avg of 5.588%

• BTr awards 9.8 billion pesos of 182-day T-bills at avg rate of 5.503% versus previous auction avg of 5.638%

• BTr awards 8 billion pesos of 364-day T-bills at avg rate of 5.840% versus previous auction avg of 5.891%