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Why Peabody Scrapped $800 Million Junk-Bond Sale

Sep.20 -- Peabody Energy Corp. scrapped an $800 million junk-bond sale meant to refinance existing debt and pave the way for a joint venture as investors increasingly wary of the prospects for coal producers demanded double the average yield of similar BB rated peers. Bloomberg's Lisa Abramowicz reports on "Bloomberg Markets: The Close."
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