Philippines awards $174 mln T-bills at auction; yields rise

MANILA, March 14 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr awards 9.14 billion pesos ($174.33 million) worth of T-bills, less than its 15 billion pesos offer, against total tenders of 23.35 billion pesos

* BTr awards 3.037 billion pesos of 91-day T-bill at avg rate of 1.305% versus Feb. 21 auction avg of 0.899%

* BTr awards 3.0 billion pesos of 182-day T-bill at avg rate of 1.458% versus Feb. 21 auction avg of 1.157%

* BTr awards 3.1 billion pesos of 364-day T-bill at avg rate of 1.734% versus Feb. 21 auction avg of 1.568%

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

($1 = 52.43 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)

((enrico.delacruz@tr.com;))