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US bond investors becoming more selective

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Vodafone shelved plans to sell as much as US$2 billion of bonds last week after investors demanded sweetened terms.

New York

AFTER more than seven years of an anything-goes market, corporate-bond investors are starting to flex their muscles.

Vodafone Group plc shelved plans to sell as much as US$2 billion of bonds last week after investors demanded sweetened terms, including provisions that

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