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More US firms issue bonds to fund expansion

Move shows that businesses have confidence in economy
Wednesday, November 5, 2014 - 05:50

New York

US companies are turning more to the bond market to fund expansions than at any time since 2008, a sign that businesses are finally showing some confidence in the economy after hoarding cash for the past five years.

Of the US$1.27 trillion of investment-grade bonds issued

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