Home Videos Why Peabody Scrapped $800 Million Junk-Bond Sale

Why Peabody Scrapped $800 Million Junk-Bond Sale

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Date: 2019-09-20 20:56:24

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Sep.20 — Peabody Energy Corp. scrapped an $800 million junk-bond sale meant to refinance existing debt and pave the way for a joint venture as investors increasingly wary of the prospects for coal producers demanded double the average yield of similar BB rated peers. Bloomberg’s Lisa Abramowicz reports on “Bloomberg Markets: The Close.”

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