PH Treasury rejects all bids for 91-day T-bills
Posted at 05/28/2012 3:09 PM | Updated as of 05/28/2012 3:09 PM
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. | |
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