Philippines sells $245 million T-bills; 91-day yield down

MANILA, July 25 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr awards 13.75 billion pesos ($244.66 million) worth of T-bills, below its 15 billion pesos offer

* Tenders total 38.844 billion pesos

* BTr awards 5 billion pesos of 91-day T-bills at avg rate of 2.273% versus previous auction avg of 2.323%

* BTr awards 5 billion pesos of 182-day T-bills at avg rate of 3.143% versus previous auction avg of 3.083%

* BTr awards 3.75 billion pesos of 364-day T-bills at avg rate of 3.356% versus previous auction avg of 3.258%

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

($1 = 56.20 Philippine pesos)

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