Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of cash management and Treasury bills on Monday:
BTr awards 90 billion Philippine pesos ($1.47 billion), within the 80-90 billion pesos offer, of which:
BTr awards 30 billion pesos worth of cash management bills, within programme:
BTr awards 20 billion pesos worth of 35-day bills at an average rate of 4.797% versus previous auction avg of 4.738%
BTr awards 10 billion pesos worth of 63-day bills at an average rate of 5.081% versus previous auction avg of 5.052%
Tenders for cash management bills total 56.28 billion pesos
BTR awards 60 billion pesos worth of T-bills, within 50-60 billion pesos programme:
BTr awards 20 billion pesos of 91-day T-bills at avg rate of 5.245% versus previous auction avg of 5.217%
BTr awards 20 billion pesos of 181-day T-bills at avg rate of 5.764% versus previous auction avg of 5.754%
BTr awards 20 billion pesos of 364-day T-bills at avg rate of 5.968% versus previous auction avg of 6.034%
Tenders total 122.6 billion pesos
Details are on the BTr's website www.treasury.gov.ph
($1 = 61.2140 Philippine pesos)