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O’Hare sells $1.8bn of debt in year’s biggest airport deal

  Bloomberg Chicago has sold the largest municipal airport transaction this year amid swirling volatility in fixed-income markets, pricing $1.8 billion of debt that will partially fund improvements at O’Hare International Airport. The $1.1 billion Series 2022A includes bonds due in January 2031 which priced with a 5% coupon and 3.69% yield, while debt due 2055 with a 5% coupon ...

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John Lewis to recruit 10,000 temporary UK staff for Christmas

  Bloomberg John Lewis Partnership Plc is hiring more than 10,000 temporary workers across the UK to meet demand over the crucial Christmas period. That’s 3,000 more than the department store chain hired in its festive push last year and all employees will receive free food from October to January to help with the higher cost of living, the retailer ...

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US gets warrant to seize Boeing 737 owned by Russia’s Lukoil

  Bloomberg The US government is seeking to seize a Boeing 737 aircraft owned by Russian oil company Lukoil PJSC for allegedly violating sanctions imposed on Moscow after the invasion of Ukraine. The Justice Department announced it had obtained a warrant to seize the aircraft, which is valued at $45 million and bears the tail number VP-CLR. The aircraft “flew ...

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