MANILA, Philippines --- The Philippines returned to the euro debt market late Thursday Manila time, selling 750 million in eight-year global bonds at a coupon of 0.875 percent. This issuance ended the country's 13-year absence in the euro market, which was last tapped in 2006. In a report to Finance Secretary Carlos G. Dominguez III, National Treasurer Rosalia V. de Leon said the IOUs to be settled on May 17 generated tenders of nearly three billion euros, six times oversubscribed from the original plan to issue 500-million euros worth of debt paper. As such, the government jacked up the offering to 750 million euros, De Leon said. "There was good reception from high-quality and real...
Keep on reading: Philippines sells 750 million in euro bonds
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