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Samsung Heavy Leads Tripling in Won Bond Sales as Economy Slows
Sep 21st 2012, 04:30

South Korean companies almost tripled won-denominated bond sales this week to the most since July, bolstering cash amid signs of slowing economic growth. Samsung Heavy Industries Co., the world's second-biggest shipbuilder, and discount chain store E-Mart Co. led 1.92 trillion won ($1.7 billion) of issuance, up from 650 billion won last week, according to data compiled by Bloomberg. It was the busiest period since the week beginning July 16, the data show. Asia's fourth-largest economy will expand 3 percent this year, down from a June forecast of 3.25 percent, according to the International Monetary Fund today, which called for more fiscal and monetary measures to shore up growth. Europe's...

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