MANILA: The Bureau of the Treasury (BTr) raised PHP25 billion from the Treasury bonds (T-bonds) auction on Tuesday. In a statement, the BTr said it fully awarded bids for the re-issued T-bonds. With a remaining term of 14 years and five months, the re-issued T-bonds fetched an average rate of 6.103 percent. The BTr said this was lower than the prevailing secondary market rate of 6.112 percent for the series and the 6.781 percent when it was last re-issued. The auction was 2.2 times oversubscribed with total tenders reaching PHP54.6 billion. The BTr said the total outstanding volume for the series amounted to PHP164.3 billion. Source: Philippines News agency