Philippines raises P30 billion from T-bond offer

The Bureau of Treasury building in Manila, in 2014 file photo. BUSINESSWORLD

 Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2029 T-bonds on Tuesday last week:

* BTr fully awards P30 billion ($518 million) offer at an average rate of 6.107%

* Tenders total P73.1 billion

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

($1 = 57.9200 Philippine pesos)

 —Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair

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