MANILA, Philippines (Reuters) – The Philippines’ Bureau of Treasury withdrew its offer to sell 182-day and 364-day T-bills on Monday after rejecting high bids submitted by banks at an auction.
The Treasury was planning to raise 2 billion pesos ($47 million) and 3.5 billion pesos from the sale of 182-day and 364-day bills respectively.
It earlier awarded 2 billion pesos worth of bids for the 91-day T-bill. ($1 = 42.8 pesos)
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