Philippines raises $667 mln from T-bond auction

MANILA, May 4 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2025 T-bonds on Wednesday:

* BTr fully awards offer worth 35 billion pesos ($667.17 million) against total tenders of 41.492 billion pesos

* Average yield at 4.598% versus previous avg rate of 4.210%

* The bonds were first issued on April 7

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

($1 = 52.46 Philippine pesos)

(Reporting by Enrico Dela Cruz)

((enrico.delacruz@tr.com))