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Sweet Junk Bond Offering

Started by Mark Evans · 8 months ago

According to Bloomberg, Nortel is expected to offer the highest yields in 15 years to convince enough investors to purchase $2 billion of junk bonds this month. The yield on Nortel's 6.875% due in 2023 has risen about 100 basis points to 8.3% since May. "A lot of deals aren't doing well out of the [...] ... Continue reading »

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