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US corporate bond sales surge on positive job data

Issuance limited to investment-grade borrowers as China stock meltdown, weaker US equities and oil plunge still cloud outlook
Monday, January 11, 2016 - 05:50
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Some US$9 billion of securities were sold on Friday, up from US$3.5 billion on Thursday. Kroger raised US$1.1 billion of debt.

New York

CORPORATE bond sales in the United States surged on Friday as blue-chip companies jumped at the opportunity to take advantage of data showing resilience in the job market.

About US$9 billion of securities were sold, up from US$3.5 billion on Thursday, according to data

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