PH Treasury rejects all bids for 91-day, 182-day T-bills

Posted at 05/14/12 3:27 PM

MANILA - The Philippines' Bureau of Treasury withdrew its offer to sell 91-day and 182-day T-bills on Monday after rejecting high bids submitted by banks at an auction.

The Treasury wanted to raise P2 billion ($47 million) from the sale of 91-day bills and another P2 billion from 182-day bills.

It awarded P2.4 billion worth of bids for 364-day T-bills on Monday.