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Corporate Bonds

Corporates blaze on as Telefónica gets a blowout

September’s remarkable run of corporate bond issuance continued into a third day today, as investors ploughed money into a wide variety of European corporate risk in preference to almost anything else. The market performance did not seem quite so pristine as in the past two days – one or two deals have widened from launch – but investors’ receptivity to issues remains razor-keen.

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