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Mar 21
2011
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Corporate bond market heating up againPosted by Stephen Taub in TARP, debt, corporate bonds, Cash |
A number of corporations are once again ramping up debt offerings after many companies abruptly postponed sales last week.
On Monday morning alone, for example, SunTrust Banks said it would sell $1 billion in new senior unsecured debt. It plans to use the proceeds, along with a $1 billion common stock offering, to repurchase its $3.50 billion of fixed rate cumulative preferred stock, Series C and $1.35 billion of fixed rate cumulative preferred stock, Series D issued under TARP, according to Dow Jones.

