US corporate market off to a flyer
The US corporate market has begun the year at the same frantic pace that characterised most of 2010. Warren Buffett’s Berkshire Hathaway was first up, selling $1.5bn on Monday. Tuesday was particularly busy, with General Electric Capital Corp issuing $6bn of floating and fixed rate paper, Metlife printing $1.5bn, pipeline firm Enterprise Products selling $1.5bn, and cable group CCO Holdings issuing a $1.1bn high yield note.
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