PNA file photo
MANILA – Results were mixed during the Treasury bills auction on Monday, the Bureau of the Treasury (BTr) said.
In a statement, the BTr said it fully awarded bids for the 91-and 182-day securities while partially awarding the 364-day T-bills.
The 91- and 182-day securities fetched average rates of 5.973 percent and 6.266 percent, respectively.
The 364-day T-bill, meanwhile, was capped at 6.339 percent.
The auction was 1.8 times oversubscribed, attracting PHP27.6 billion in total tenders.
"With its decision, the committee raised PHP14.4 billion of the PHP15.0 billion total offering," the bureau said. (PNA)
