Sanofi gets paid to borrow three year money
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Corporate Bonds

Sanofi gets paid to borrow three year money

Sanofi logo building from Alamy 230x150

The extraordinary conditions in Europe’s investment grade corporate bond market, in which three issuers in succession had printed multi-tranche bonds this week with no new issue premiums, produced a new bizarre result on Wednesday when Sanofi, one of the market’s tightest-trading issuers, took its turn.

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