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Philippines awards $861mn worth of T-bill, cash management bill offers
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 o...
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