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

February 2, 2022By 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

($1 = 51.10 Philippine pesos)

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

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