Philippines awards $598mn T-bonds at auction

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2028 and 2035 T-bonds on Tuesday:

• BTr awards 20 billion pesos ($342 million)worth of 2028 bonds at an average rate of 5.256%
• BTr awards 15 billion pesos worth of 2035 bonds at an average rate of 5.876%
• Tenders total 125.6 billion pesos