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Oracle taps bond markets for $5.75bn

US software company Oracle yesterday launched a $5.75bn (€4.77bn) bond, the second largest from a technology company. The proceeds will help finance the $5.85bn acquisition of rival, Siebel Systems.

Citigroup, JP Morgan and Wachovia arranged the bond, which was increased from an initial $5bn on the back of strong investor demand.

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