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| Title: CIT bonds gain as details of financing rescue awaited |
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CIT's floating rate notes due in August rose to 88 cents on the dollar on Monday afternoon, from 70.5 cents on the dollar late on Friday, according to MarketAxess. Analysts said part of the rescue financing would be used to pay off short-term debt. (Reporting by Dena Aubin and John Parry; Editing by Dan Grebler) Full article |
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