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

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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