MANILA - The Philippines' Bureau of Treasury rejected all bids submitted by banks at an auction of 91-day T-bills on Monday and withdrew its offer of 2 billion pesos ($46 million) worth of the short-term paper.
But it awarded 2.0 billion pesos worth of 182-day T-bills and 3.5 billion pesos worth of 364-day T-bills at the same auction.
The Treasury had also rejected all bids for 91-day paper at its last regular auction on May 14.
Following are the results of the Philippine Bureau of Treasury's auction of 182-day T-bills on Monday.
| Tenor |
182-day |
| Average rate |
2.30 pct |
| Highest rate |
2.30 pct |
| Lowest rate |
2.30 pct |
| Previous avg rate (April 30) |
2.258 pct |
| Offer |
2.0 billion pesos |
| Tenders |
3.33 billion pesos |
| Awarded |
2.0 billion pesos |
| * The Treasury rejected all bids for 182-day notes at the May 14 auction. |
Following are the results of the Philippine Bureau of Treasury's auction of 364-day T-bills on Monday.
| Tenor |
364-day |
| Average rate |
2.50 pct |
| Highest rate |
2.50 pct |
| Lowest rate |
2.50 pct |
| Previous avg rate (May 14) |
2.518 pct |
| Offer |
3.50 billion pesos |
| Tenders |
5.05 billion pesos |
| Awarded |
3.50 billion pesos |
| * The Treasury rejected all bids for 182-day notes at the May 14 auction. |