Philippines fully awards $685 mln T-bond offer at auction

MANILA, Feb 2 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2026 T-bonds on Wednesday:

* BTr awards 35 billion pesos ($684.9 million) worth of T-bonds versus total tenders of 60.657 billion pesos

* Average rate at 4.089%

* The bonds, first issued in April 2021, have a remaining life of four years and two months

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

($1 = 51.10 Philippine pesos)

(Reporting by Neil Jerome Morales; Editing by Martin Petty)

((neiljerome.morales@thomsonreuters.com; +632 8841 8914;))