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Ballarpur reignites hybrids with $300m offer

03 Aug 2011

Ballarpur International Graphic Paper Holding took a brave step this week: attempting to sell a hybrid perpetual bond despite the rotten state of international credit markets. It was a decision that surprised some bankers, but the small intended size of the issue convinced most syndicate officials that the company could force the deal over the finish line.

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03 Aug 2011