Imperial Tobacco goes long for a Baa3 and finds heavy demand
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Corporate Bonds

Imperial Tobacco goes long for a Baa3 and finds heavy demand

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Multi-billion euro tobacco bonds are rare, but this week has produced two in as many days. They nearly came on the same day, but Imperial Tobacco decided discretion was the better part of valour yesterday when Philip Morris International got into the market ahead of it, before 8am London time.

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