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Companies pause frantic fundraising to assess pandemic damage

Just $70bn was raised last week through global debt markets, the lowest since March

Companies are pausing for breath after a frantic four-month race to secure cash, drawing down bank credit lines, agreeing government rescue financings and issuing new debt and equity to outlast the coronavirus crisis. The frenetic pace of fundraising, which set records in debt and equity markets, provided much-needed money to airlines such as American and…

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