Philippines raises $846mn from T-bond offer

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 fully awards 50 billion pesos ($845.82 million)
• BTR awards 20 billion pesos offer of reissued 2028 T-bonds at an average rate of 5.467%
• BTR awards 30 billion pesos offer of reissued 2035 T-bonds at an average rate of 5.985% Tenders total 124.7 billion pesos‑Reuters