Philippines fully awards $681 mln T-bond offer, despite higher rate

MANILA, Feb 8 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2032 T-bonds on Tuesday:

* BTr awards 35 billion pesos ($681 million) worth of T-bonds versus total tenders of 51.077 billion pesos

* Average rate at 5.093%, up from previous average rate of 4.831%

* First issued on Jan. 20, the bonds have a remaining life of nine years and 11 months

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

($1 = 51.40 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)

((enrico.delacruz@tr.com))