The Bureau of the Treasury (BTr) awarded P28.4 billion worth of Treasury bills (T-bills) in Monday’s auction.
The amount was higher than the P25-billion initial offer.
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The BTr said the auction was 4.1-times oversubscribed, with total tenders reaching P102.9 billion. This pushed down the T-bill rates from last week’s results.
Awarded 91-day T-bills reached P7 billion, with an average rate of 5.475 percent anually.
Meanwhile, the 182-day debt papers amounted to P11.9 billion, with 5.575 percent average rate.
The 364-day or one-year T-bills reached P9.5 billion, averaging 5.650 percent.
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