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Stock Investing > The Peridot Capitalist

El Paso Debt Deal Shows High Yield Market Isn’t Dead, Just Expensive

Chad Brand | Wed, 12/10/2008 - 5:30pm |  1 comment

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To get an idea of how bad the high yield debt market is right now, one need only look at what price El Paso (EP) had to pay this week to issue $500 million worth of senior notes. El Paso is a solid company and should not have trouble selling debt. Their hybrid business model; energy pipelines co
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