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

Philippines awards $380mn T-bills at auction

• BTr partially awards 24.46 billion Philippine pesos ($427 million), versus 25 billion on offer.

• Tenders total 63.3 billion pesos

• BTr awards 7.46 billion pesos of 90-day T-bills at avg rate of 5.393% versus previous auction avg of 5.307%

• BTr awards 8 billion pesos of 181-day T-bills at avg rate of 5.645% versus previous auction avg of 5.646%

• BTr awards 9 billion pesos of 363-day T-bills at avg rate of 5.726% versus previous auction avg of 5,748%