Philippines shakes stigma as debt deal proves sturdy
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Philippines shakes stigma as debt deal proves sturdy

January 11, 2002 12:00 AM

The Republic of the Philippines made a successful foray into the international debt markets this week, launching a $750m 15 year global issue to a rapturous reception. Rather than courting controversy — as have previous deals for the republic — this latest deal was applauded by all corners of the market.

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