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Value of shale boom junk bonds down nearly 10%

Wednesday, December 3, 2014 - 05:50

New York

BOND investors who helped finance America's shale boom are facing potential losses of US$8.5 billion as oil prices plummet by the most since the financial crisis.

The US$90 billion of debt issued by junk-rated energy producers in the past three years has fallen almost 10

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