Philippines sells re-issued 2029 T-bonds at higher yield of 6.740%

MANILA, June 14 (Reuters) – Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of re-issued 2029 T-bonds on Tuesday:

* BTr awards 19.551 billion pesos ($367.43 million) worth of T-bonds, below 35 billion pesos offer

* Tenders total 62.296 billion pesos

* Average yield at 6.740% vs previous average of 6.428%

* Bonds were originally issued on May 19

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

($1 = 53.21 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor)

((enrico.delacruz@thomsonreuters.com))