IFR reported on Thursday
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A worker shows Philippine peso bills inside a money changer in metro Manila, Philippines August 14, 2017. Dondi Tawatao, Reuters
The Philippines on Thursday raised $1 billion from its maiden sale of sukuk or Islamic bonds, IFR reported on Thursday.
The offer with a 5.5-year tenor fetched a yield of 5.045%, according to IFR. Total demand was at $3.8 billion. (Reporting by Mikhail Flores and Karen Lema)
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