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Exxon pays more to borrow amid market turmoil

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Exxon Mobil Corp paid a big premium to raise US$8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fuelled by the coronavirus outbreak eroded investor confidence in the largest US oil producer.

[NEW YORK] Exxon Mobil Corp paid a big premium to raise US$8.5 billion in new debt on Tuesday, as a rout in energy prices and stock market jitters fuelled by the coronavirus outbreak eroded investor confidence in the largest US oil producer.

Exxon was among nine major companies that took...

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