New York
BOND investors are opening their wallets again to junk-rated companies in the US.
There are signs of life in the market for risky corporate debt with sales of speculative-grade bonds rising for the last three consecutive months. More than US$14 billion of junk debt has been sold in March and another US$6 billion of the securities may be issued before the end of next week, according to data compiled by Bloomberg.
Western Digital Corp is planning to sell US$5.6 billion of notes to help pay for...
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