MANILA - The Philippines will sell a 25-year local bond at its auction on December 1 instead of the previously scheduled 10-year bond, National Treasurer Roberto Tan said on Monday.

"We will retain the program as it is, except for this one," he told reporters.

The Treasury will sell P6.5 billion ($138.3 million) worth of the 25-year paper. It will also sell P6.5 billion of 91-day, 182-day and 364-day bills on December 7.

No other sales are planned for the rest of the year, including any foreign commercial issuances, he said.