Philippines awards P20 billion T-bill offer

August 6, 2024 - 3:55 PM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

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

*BTr fully awards 20 billion pesos ($346.68 million)

* Tenders total 47.3 billion pesos

* BTr awards 6.5 billion pesos of 91-day T-bills at avg rate of 5.828% versus previous auction avg of 5.779%

* BTr awards 6.5 billion pesos of 182-day T-bills at avg rate of 6.062% versus previous auction avg of 6.014%

* BTr awards 7.0 billion pesos of 364-day T-bills at avg rate of 6.074% versus previous auction avg of 6.108%

* Details are on the BTr’s website www.treasury.gov.ph

($1 = 57.69 Philippine pesos)

 —Reporting by Neil Jerome Morales and Mikhail Flores’ Editing by Jacqueline Wong