Junk bonds seen leading comeback for beaten Norway oil services
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Oslo
THE debt clean-up in Norway's battered junk bond market is giving reason to hope.
Battered by a drop in spending by crude producers that forced drillers and supply companies to restructure, the market is now less risky after agreements that were more favourable to bondholders than expected, according to the head of markets at DNB ASA, Norway's biggest bank.
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