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Philip Morris International, Inc. Message Board

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  • gollywogazoo gollywogazoo Nov 13, 2008 4:20 PM Flag

    New debt

    I seriously doubt PMI is worried about the coupon in this credit environment. The fact that they were able to go to the capital markets at all is testament to their financial muscle. As far as use of the money, I'd guess it will be plowed into their emerging market franchises. On a positive note, most of today's hedge fund redemption occurred early in the trading session allowing for a modest rally at the end.

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