Philip Morris nips back after big hit in Feb for €500m 15yr through curve

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Philip Morris nips back after big hit in Feb for €500m 15yr through curve

Philip Morris Marlboro cowboy

Philip Morris International revelled again on Tuesday in European bond investors’ love of tobacco. As usual, any conscientious objectors were not missed, as even after €5bn of tobacco bond issuance in February and March, investors piled into Philip Morris’s return.

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