Sanofi gets paid to borrow three year money

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Sanofi gets paid to borrow three year money

Sanofi logo building from Alamy 230x150
F0MGWT Markennamen: "Sanofi", Berlin. | Alamy Stock Photo

The extraordinary conditions in Europe’s investment grade corporate bond market, in which three issuers in succession had printed multi-tranche bonds this week with no new issue premiums, produced a new bizarre result on Wednesday when Sanofi, one of the market’s tightest-trading issuers, took its turn.

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