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Alstom crunch derails funky-debt gravy train

Published by Reuters Breakingviews · United Kingdom 17 h ago

The €7 bln rail manufacturer’s shares fell 25% as it cut its outlook, and ‌yields on its low-ranking debt spiked. Hybrid debt issuance boomed as investors chased returns and…

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Alstom crunch derails funky-debt gravy train

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