Philippines sells $241 mln worth of T-bills at higher yields

MANILA, May 2 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr awards total of 12.613 billion pesos ($241.26 million) worth of T-bills, less than its 15 billion pesos offer and against total tenders of 23.731 billion pesos

* BTr awards 5 billion pesos of 91-day T-bill at avg rate of 1.272% versus previous avg of 1.140%

* BTr awards 5 billion pesos of 182-day T-bill at avg rate of 1.635% versus previous avg of 1.558%

* BTr awards 2.613 billion pesos of 364-day T-bill, less than its 5 billion pesos offer, at avg rate of 1.933% versus previous avg of 1.901%

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

($1 = 52.28 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))