BTr Fully Awards T-Bills, Raising PHP28.6 Billion for National Government
Manila: The Bureau of the Treasury (BTr) has successfully raised PHP28.6 billion for the national government after fully awarding Treasury bills (T-bills) in Monday’s auction. The Auction Committee decided to fully award the 91-, 182-, and 364-day T-bills, which were 3.9 times oversubscribed with total tenders reaching PHP98.3 billion. According to Philippines News Agency, the 91-, 182-, and 364-day T-bills fetched average rates of 5.451 percent, 5.524 percent, and 5.656 percent, respectively. These yields were lower than the previous week’s average rates for all tenors. Rizal Commercial Banking Corp. chief economist Michael Ricafort noted that the slight easing of Treasury