Philippines fully awards 91-day T-bill offer, rejects bids for other bills

MANILA, May 10 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Tuesday:

* BTr fully awards offer of 5 billion pesos ($95.46 million) worth of 91-day T-bills, against total tenders of 9 billion pesos

* 91-day T-bill avg rate at 1.531% versus previous avg yield of 1.272%

* BTr rejects all bids for 182-day and 364-day T-bills due to unreasonably high rates offered

* Details are on the BTr’s website www.treasury.gov.ph

($1 = 52.38 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))