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Tax collections in India raise doubts on lower borrowing programme

Bloomberg Nothing seems to be helping India’s sovereign bond market. The optimism spurred by the government’s decision to cut its borrowing plan proved fleeting as tax collections failed to meet the target for a fifth straight month. Revenue from the goods and services tax, or GST, totaled 944.4 billion rupees ($12.9 billion) in September, falling short of the 1-trillion rupee ...

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Comcast sells $27bn of bonds in year’s second-biggest deal

Bloomberg Comcast Corp sold bonds to finance its $39 billion acquisition of Sky Plc in one of the biggest corporate debt sales ever in the US. The Philadelphia-based cable giant sold $27 billion of unsecured bonds in 12 parts. The longest portion of the offering, a 40-year security, yields 1.75 percentage points above Treasuries, less than an initially discussed range ...

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GE downgrade may lift its costs in a debt market it once ruled

Bloomberg General Electric Co. may have to pay a little more the next time it wants to make payroll. The manufacturing giant lost the near-top credit ratings on its short-term debt. That downgrade will likely force the company to pay more to borrow in at least one credit market, namely the market for bonds known as commercial paper. GE relies ...

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