Business and Economy
BTr partially awards T-Bills
MANILA—The Auction Committee of the Bureau of Treasury (BTr) has partially awarded the 91-, 182-, and 364-day Treasury bills (T-bills) on Monday.
The 91-day T-bill was offered at Php 6.0 billion, but the BTr only accepted Php 4.295 billion out of the Php 8.655 billion tenders.
Yield for the short-term debt paper is at 2.252 percent, higher than the rate of 1.998 percent in the previous auction.
Tenders for the 182-day T-bill reached Php 5.685 billion, an oversubscription as the debt paper was offered at Php 5.0 billion.
Rate of the 182-day T-bill was also higher on Monday’s auction at 2.467 percent compared to the last month’s auction rate of 2.252 percent.
Rates for the 364-day T-bill increased to 2.766 percent from 2.571 percent in the previous auction as the Php 4.0-billion debt paper was undersubscribed.
The 364-day T-bill gained a total of Php 3.745 billion worth of offers, but the treasury bureau only accepted Php 2.495 billion of the total tenders.