Philippines to offer $1.4 bln in T-bills, T-bonds in December

MANILA, Nov 25 (Reuters) – The Philippines’ Bureau of the Treasury will offer a total of 70 billion pesos ($1.4 billion) worth of T-bills and T-bonds at the auctions in December, compared with the maximum 200 billion pesos that it sought to raise this month, it said on Thursday.

The December volume consists of 2 billion pesos of 91-day T-bills, 3 billion pesos of 182-day T-bills and 5 billion pesos of 364-day T-bills, and 40 billion pesos of 7-year and 10-year T-bonds, it said in a memorandum to government securities dealers.

($1 = 50.49 pesos)

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

((enrico.delacruz@tr.com))