Medtronic shows euro love again with €5bn including rare 30 year

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Medtronic shows euro love again with €5bn including rare 30 year

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A logo sign outside of a facility occupied by Medtronic in San Antonio, Texas on January 29, 2017. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field *** | Kris Tripplaar/SIPA USA/PA Images

Medtronic, the Irish-registered US medical devices maker, returned to the euro bond market on Tuesday for a jumbo issue of €5bn, only three months after issuing a €7bn deal - a move that highlights the attractiveness of the euro market. Once again, Medtronic is using the money to buy back dollar bonds.

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