Abitibi attracts $10bn of orders in market assault

13 Jul 2000

Montreal based newsprint maker Abitibi Consolidated sparked a stampede down the credit curve in the US corporate bond market yesterday when it offered a blow-out $1.4bn Yankee bond. The overwhelming demand in the US for liquid, high yielding investment grade paper was such that the Baa3/BBB- five, 10 ...

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