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Gov’t raises P13-B from T-bills

The Bureau of Treasury (BTr) was able to raise PHP13.24 billion for the national government Monday from the Treasury bills (T-bills) auction Monday.

The auction committee decided to fully award the 91-day and 182-day T-bills, which were offered at PHP5 billion and PHP4 billion, respectively.

Average rates for the debt papers settled at 3.296 percent for the 91-day tenor and 3.677 percent for the 182-day tenor.

On the other hand, the BTr capped the offering for the 364-day securities to PHP4.24 billion.

The yield of the 364-day T-bills settled at 4.246 percent.

Meanwhile, the BTr announced it will cancel the auction of seven-year Treasury bonds (T-bonds) on Tuesday, June 5, in view of the ongoing public offering of retail treasury bonds (RTBs) until June 8.

Kris Crismundo /PNA