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Home>Largest-ever junk bond sale raises $11 billion

Largest-ever junk bond sale raises $11 billion

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Wed, 23 Apr 2014

NEW YORK (MarketWatch) -- A French cable operator sold the largest-ever offering of junk bonds Wednesday, one sign of the great lengths to which investors are stretching for yield. Numericable Group SA (FR:NUM) sold EUR7.9 billion, or nearly $11 billion, of debt that is expected to receive a rating
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