After Meralco got eliminated in the Governor's Cup Semifinals series against San Mig Coffee Mixers, the Bolts traded big man Jay-R Reyes for him. This trade reunites him with Ryan Gregorio, his former coach in Purefoods. The veteran Raymundo, who chose not to sign a contract with Meralco for the moment, has yet to play a single game for the Bolts. He has been sidelined by a complicated knee injury since the start of the 2013 Governors' Cup while he was still playing for the Gin Kings - an injury which would cost Raymundo around P4.5 million of his own money if he opts to undergo surgery in the US.