Philippines raises USD 407 million via re-issued 2027 T-bond

MANILA, Nov 29 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2027 T-bonds on Tuesday:

* BTr awards 22.969 billion pesos (USD 406.46 million) vs 35 billion pesos offer

* Average yield 6.568%

* Tenders total 65.514 billion pesos

* Bonds were originally issued in 2007

* Details on the BTr’s website

(USD 1 = 56.51 Philippine pesos)

(Reporting by Enrico Dela Cruz)