Philippines fully awards $287 mln T-bill offer; 91-day yield drops

MANILA, April 18 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr fully awards offer of 15 billion pesos ($287.08 million) worth of T-bills against total tenders of 54.034 billion pesos

* BTr awards 5 billion pesos of 91-day T-bill at avg rate of 1.223% versus previous avg of 1.250%

* BTr awards 5 billion pesos of 182-day T-bill at avg rate of 1.568% versus previous avg of 1.555%

* BTr awards 5 billion pesos of 364-day T-bill at avg rate of 1.877% versus previous avg of 1.857%

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

($1 = 52.25 Philippine pesos)

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

((enrico.delacruz@tr.com))