Philippines partially awards T-bill offer, rejects 364-day bids

MANILA, Sept 5 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTR raises 7.068 billion pesos (USD 124.05 million) from 91-day, 182-day T-bills, less than total 10 billion pesos offered

* BTr awards 4.543 billion pesos of 91-day T-bills at average rate of 2.318% versus previous auction average of 2.070%

* BTr awards 2.525 billion pesos of 182-day T-bills at average rate of 3.485% versus previous auction average of 3.336%

* BTr rejects all bids for 364-day T-bills

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

(USD 1 = 56.9750 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Kim Coghill)