Philippines sells $235 mln T-bills; 91-day yield falls

MANILA, July 11 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:

* BTr fully awards 13.16 billion pesos ($235.34 million) worth of T-bills, below 15 billion pesos offer

* Tenders total 36.723 billion pesos

* BTr awards 5 billion pesos of 91-day T-bills at avg rate of 1.876% versus previous auction avg of 1.908%

* BTr awards 4.1 billion pesos of 182-day T-bills at avg rate of 2.907% versus previous auction avg of 2.608%

* BTr awards 4.06 billion pesos of 364-day T-bills at avg rate of 2.981% versus previous auction avg of 2.811%

* Details are on the BTr’s website www.treasury.gov.ph

($1 = 55.92 Philippine pesos)

(Reporting by Enrico Dela Cruz)

((enrico.delacruz@tr.com))