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12-05-2012, 05:22 PM
  #470
Ernie
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Quote:
Originally Posted by GF View Post
Can someone explain to me how they can save 28m$ by refinancing 1.1b$ of their debt now, with a lower credit rating???
Probably has to do with the overall state of the bond market.. other investments are seen as risky right now, so bond rates are lower than they would be under a healthy economy.

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