Philippines awards $828 mln in T-bill and cash management bills

The Philippines' Bureau of the Treasury awarded 52 billion Philippine pesos ($828.22 million) of cash management and Treasury bills on Monday. This award was within the 52 to 70 billion pesos program. The bureau fully awarded 10 billion pesos of 35-day cash management bills at an average rate of 5.124%, with tenders totaling 12.177 billion pesos. Additionally, 42 billion pesos of T-bills were awarded. This included 20 billion pesos of 91-day T-bills at an average rate of 5.431%, 15 billion pesos of 182-day T-bills at an average rate of 5.821%, and 7 billion pesos of 364-day T-bills at an