MANILA -- The Bureau of Treasury (BTr) managed to raise PHP8.4 billion for the national government from the PHP15-billion Treasury bills (T-bills) auction on Monday.
The BTr fully awarded the 182-day debt paper at 3.766 percent yield. The 182-day T-bill was offered at PHP4 billion. This fetched a total of PHP7.12 billion worth of bids.
On the other hand, the auction committee partially awarded the 364-day T-bill offered at PHP6 billion. The BTr accepted tenders amounting to PHP4.4 billion out of the PHP8.73 billion bids at an average rate of 4.357 percent.
Meanwhile, the BTr fully rejected bids for the 91-day T-bill, although this tenor received tender of PHP6.52 billion.
This is the third week that the auction committee only partially awarded the T-bills. It was during the May 28 auction that the BTr awarded the PHP15-billion program in full.
Total tenders during Monday’s auction reached PHP22.4 billion, which is 1.5 times higher than the PHP15-billion T-bills offering. (PNA)
