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Fed delay could spur more debt issues to fund share buybacks

US companies are on pace to announce US$897 billion in buybacks for the full year

WINDOW OF OPPORTUNITY: With historically low interest rates now likely to extend to at least December, after the latest Fed decision, companies are "now in a sort of borrowing nirvana", says a bond strategist.

New York

A RECORD year for debt-funded stock buybacks may soon become even more rewarding for shareholders.

The Federal Reserve's decision to delay raising interest rates for the first time since the 2008 financial crisis will likely encourage companies to take out more debt to...

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