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Corporate Bonds

Merck & Co wins plaudits for €2.5bn issue, launches dollar buyback

Merck & Co, the US pharmaceutical company, launched its first bond in euros for seven years today, just days after its €1.5bn deal from 2007 had matured. With markets recovering after a queasy time last week, the €2.5bn issue was widely seen as a success by rival bankers.

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