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The government said raised P14.5 billion of the P15 billion treasury bills (T-bills) up for sale Monday.
The Bureau of the Treasury said it partially awarded the 91-day while fully awarding the 182-day and 364-day T-bills, each at P5 billion tranche.
“The 182- and 364- day T-bills fetched average rates of 5.927 percent and 6.079 percent, respectively. Meanwhile, the 91-day T-bill was capped at 5.592 percent,” it said.
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The auction was twice oversubscribed, attracting P30.4 billion in total tenders, with the 91-day attracting P6.1 billion, the 182-day earning bids worth P10.3 billion, and the 364-day attracting P14.1 billion in bids.
