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Kraft plans USD 4bn bond issue to fund Cadbury takeover

Thursday 4th February 2010
US food giant Kraft is reported to be planning a US billion bond sale to help fund its takeover of UK chocolate firm Cadbury.

An insider claimed that Kraft may sell notes due in 3.25, 6, 10 and 30 years.

Yields on investment-grade corporate bonds rose to 4.623% yesterday.

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