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Corporate BondsHigh grade and crossover bonds

Peugeot tests investor appetite for lower tier car makers

Peugeot Citroen car headlight from Fotolia 230x150

French car maker Peugeot, rated on the lowest rung of investment grade, amassed €2.3bn of demand for a bond issue on Thursday, enabling it to raise €1bn, after crossover credit Nokia’s success selling debt earlier in the week made it clear that there is demand for issuers with trickier stories.

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