MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of cash management and Treasury bills on Monday:
BTr awards 54.23 billion pesos ($860.67 million), below the 55 billion pesos offer, of which.
BTr fully awards 10 billion pesos worth of 35-day bills at an average rate of 5.278%.
Tenders for cash management bills total 23.01 billion pesos.
BTr awards 44.23 billion pesos worth of T-bills, below 45 billion pesos programme.
BTr awards 20 billion pesos of 91-day T-bills at avg rate of 5.992% versus previous auction avg of 5.845%.
BTr awards 15 billion pesos of 182-day T-bills at avg rate of 6.229% versus previous auction avg of 6.171%.
BTr awards 9.23 billion pesos of 364-day T-bills at avg rate of 6.444% versus previous auction avg of 6.351%.
Tenders total 70 billion pesos.