June 27, 2018 / 3:47 AM / in 4 months

Philippine cbank awards $1.62 bln in term deposits

June 27 (Reuters) - Following are the results of the Philippine central bank’s auction of 7-day, 14-day and 28-day term deposit facilities (TDF) on Wednesday:

* Central bank awarded total of 86.805 billion pesos ($1.62 billion), below its 100 billion pesos offer.

* Central bank fully awarded 40 billion pesos worth of 7-day TDF at average yield of 3.7523 percent, versus the previous auction’s 3.6927 percent.

* Central bank awarded 31.99 billion pesos worth of 14-day TDF, below an offer of 40 billion pesos, at average yield of 3.8689 percent, versus the previous auction’s 3.7342 percent.

* Central bank awarded 14.815 billion pesos worth of 28-day TDF, below an offer of 20 billion pesos, at average yield of 3.8471 percent, versus the previous auction’s 3.7326 percent.

$1 = 53.4710 Philippine pesos Reporting by Neil Jerome Morales

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