Philippines Sells $3.3 Billion of Dollar, Euro Bonds

(Bloomberg) -- The Philippines on Thursday sold a two-part dollar bond and a euro tranche, capitalizing on a recent drop in borrowing costs abroad.The Southeast Asian nation, which has investment-grade credit ratings, raised $2.25 billion (2.4 billion euros) in dollar-denominated bonds due in 10 and 25 years, along with a €1 billion ($1.04 billion) 7-year bond, according to people familiar with the matter who asked not to be identified. The 25- and 7-year notes are sustainable debt.The..