Philippines raises $249 mln via re-issued 2026 T-bonds

MANILA, March 15 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2026 T-bonds on Tuesday:

* BTr awards 13.035 billion pesos ($248.9 million) worth of T-bonds, less than its 35 billion pesos offer and versus total tenders of 35.305 billion pesos

* Average rate at 4.669%, up from previous average rate of 4.089%

* First issued in April 2021, the bonds have a remaining life of four years and 23 days

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

($1 = 52.37 Philippine pesos)

(Reporting by Enrico Dela Cruz
Editing by Ed Davies)

((enrico.delacruz@tr.com))