Investors pile into spready €8bn beast as they forgive VW

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Investors pile into spready €8bn beast as they forgive VW

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Volkswagen stormed back into bonds on Thursday for the first time since its emissions test cheating scandal 18 months ago. And the €8bn blowout that paid investors a chunky premium to allay their fears about the company is just the start of the firm’s market rehabilitation, writes Michael Turner.

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