Philippines raises $266 mln at T-bill auction; yields climb

MANILA, March 21 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr awards 13.896 billion pesos ($265.5 million) worth of T-bills, less than its 15 billion pesos offer and against total tenders of 25.914 billion pesos

* BTr awards 4.866 billion pesos of 91-day T-bill at avg rate of 1.536% versus March 14 auction avg of 1.305%

* BTr fully awards 5 billion pesos offer of 182-day T-bill at avg rate of 1.607% versus March 14 auction avg of 1.458%

* BTr awards 4.03 billion pesos of 364-day T-bill at avg rate of 1.792% versus March 14 auction avg of 1.734%

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

($1 = 52.34 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))