MANILA -- The Bureau of Treasury (BTr) has fully awarded the 91- and 182-day Treasury bills (T-bills) during Monday's auction.
The auction committee said both tenors fetched yields lower than the secondary market at 3.308 percent for the 91-day T-bill and at 4.045 percent for the 182-day debt paper.
Bids for the PHP4-billion securities with three months maturity period reached PHP15.8 billion, while tenders for the PHP5-billion six-month T-bill amounted to PHP6.14 billion
Meanwhile, the BTr partially awarded the 364-day securities at average interest rate of 4.670 percent.
Although bids for the PHP6-billion 364-day T-bills reached PHP8.05 billion, the auction committee only acccepted PHP4.399 billion of the total tenders.
"Total tenders for the auction reached PHP30 billion, twice the total amount on offer," the BTr said.
"Based on the results, the committee was able to raise PHP13.4 billion of the PHP15-billion programmed issuance," it added. (PNA)
