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Headline: Breaking the stranglehold of the big investor Source: Euromoney Date: September 2000 more on E-finance more on Bonds Issuer: Dow Chemical Amount: $300 million Type of issue: Online domestic US corporate bond auction Launch date: August 15 How to measure the success of a bond deal is set to change following developments last month. No longer will bank syndicate heads talk of deals being three, four or Five times oversubscribed, no longer will the participation of the biggest investors be crucial, or even particularly relevant, to the deal going ahead. |
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