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Netflix sells US$1.6b of junk bonds to fund more shows

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Earnings growth should outpace that of debt as Netflix makes the transition to original content such as its hit series Stranger Things.

New York

NETFLIX Inc sold US$1.6 billion of bonds, its largest-ever US dollar-denominated sale, to help it develop and produce new hit series such as Stranger Things.

The 10.5-year junk-rated notes, which cannot be bought back, yield 4.875 per cent, within the range of initial talk...

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