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European corporate bonds set for fresh test

The resilience of European corporate bond issuance, which last month plunged by more than three-quarters year-on-year, is set to be examined further in September, typically one of the busiest four weeks for new offerings.

A swathe of companies, many of which were forced to postpone bond sales amid the credit market tumult in June and July, are seeking opportunities to return to the European bond market following three months in which effectively it has been closed.

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