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[$$] $10 Billion Corporate Debt Sale Highlights Credit Market's Recovery

PLC, is poised sell roughly $3.7 billion worth of secured and unsecured bonds, denominated in both dollars and euros, along with around $6.5 billion in loans, also split between euro and U.S. dollar tranches. Banks this week were able to cut the expected yields on all of the bonds and loans, an indication that demand had well outstripped supply, investors said.