Philippines raises $621 million via 2032 T-bond re-issue; yield down

MANILA, July 19 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2032 T-bonds on Tuesday:

* BTr fully awards 35 billion pesos ($621.23 million) offer

* Tenders total 123.318 billion pesos

* Average yield 6.865% vs previous avg rate 7.145%

* Bonds were originally issued on June 23

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

(USD 1 = 56.34 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Ed Davies)