Philippines rejects all bids for 7-year T-bond at auction

MANILA, Dec 14 (Reuters) –

* Philippines’ Bureau of the Treasury rejects all bids for its offer of 20 billion pesos ($397.3 million) of re-issued 7-year T-bond at an auction on Tuesday

* Tenders reached 52.267 billion pesos, with an average rate of 4.395%.

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

($1 = 50.345 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)

((enrico.delacruz@tr.com;))