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Investors losing money on Europe power bonds

Returns are falling amid an energy price slump that's squeezing utilities' earnings and cutting funds to repay debt

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Investors who bought utility bonds in euros haven't had it this bad for more than a decade.

London

INVESTORS who bought utility bonds in euros haven't had it this bad for more than a decade.

Returns are falling amid an energy price slump that's squeezing utilities' earnings and cutting cash flow available to repay debt, while energy efficiency and muted economic growth

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