BTr raises PHP28.6B from oversubscribed T-bill auction

On Monday, June 2, 2025, the Bureau of the Treasury (BTr) increased its issuance of Treasury bills (T-bills), raising PHP28.6 billion from an initial target of PHP25 billion.

The auction was highly subscribed at 4.7 times oversubscribed with total bids reaching P116.316 billion, leading to a doubling of the accepted non-competitive bids for the 364-day T-bills to PHP7.2 billion.

For the 91-day T-bills, the BTr accepted PHP8 billion from total tenders of PHP31.675 billion with a yield of 5.452 percent, down slightly from previous auctions.

Total tenders for the 182-day T-bills reached PHP41.655 billion, and the BTr accepted PHP8 billion at a yield of 5.565 percent, also showing a slight increase compared to last week's yields.

For the 364-day T-bills, total tenders amounted to P42.986 billion, with the Auction Committee awarding PHP12.6 billion above the initial offer of PHP9 billion at a yield of 5.680 percent.