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GC Asia
IBM, Colgate, McDonald’s pack market with names
The US corporate bond market was awash with demand this week, as a string of US heavyweights priced benchmark deals either side of Apple’s record-breaking $17bn issue.
Altria, Colgate, McDonald’s, IBM, Praxair and Texas Instruments, as well as Canada’s Barrick Gold, took home a combined $7.6bn, showing that Apple was not the only show in town. "The corporate bond sector continues to be the place to go for excess yield pick-up on Treasuries," said one
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