Philippines returns to euros with dual-tranche bond

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By Lewis McLellan
22 Jan 2020

The Republic of the Philippines hit the market with a pair of euro benchmark bonds on Tuesday, making a rapid comeback to the currency.

The southeast Asian sovereign last raised euros in May 2019 through a deal that ended its 10-year absence from the currency. 

For its return this week, the borrower selected Citi, Credit Suisse, Standard Chartered and UBS to run the books for three year and nine year tenors.

The ...

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