Philippines lights up sovereign market with $2bn deal

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Philippines lights up sovereign market with $2bn deal

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Justice Angel (right) ridden by Silvestre De Sousa wins The Perfection Secrets Handicap Stakes, during Boodles Ladies Day of the Boodles May Festival at Chester Racecourse. | Martin Rickett/PA Wire/Press Association Images

The Republic of the Philippines grabbed $2bn from investors Wednesday, after rolling out a new 25 year note with a tender offer for existing investors.

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