PH fully awards USD 271M T-bill offer as yields drop

MANILA, May 15 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr fully awards PH P15 billion (USD 271.39 million) offer

* BTr awards PHP 5 billion of 91-day T-bills at 5.874% avg yield vs previous rate of 5.891%

* BTr awards PHP 5 billion of 182-day T-bills at 5.991% avg yield vs previous rate of 6.109%

* BTr awards PHP 5 billion of 364-day T-bills at 6.028% avg yield vs previous rate of 6.211%

* Details are on the BTr’s website. 

(Reporting by Enrico Dela Cruz)