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Philippines raises $339mn from T-bond offer

  • Tenders total 27.58 billion pesos
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MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of reissued 2031 T-bonds on Tuesday:

BTr awards 21.38 billion Philippine pesos ($339.33 million) of the reissued 2031 T-bonds at an average rate of 7.830%, below the 30 billion pesos offer

Tenders total 27.58 billion pesos