Friday, July 20, 2007

Cardtronics, Union Pacific Sell Bonds as U.S. Debt Sales Slump 81 Percent

(Bloomberg) -- Cardtronics Inc., the largest
operator of automated-teller machines in the U.S., and railroad
Union Pacific Corp. led borrowers selling $2.8 billion of notes
this week, the second-slowest this year, as issuance fell 81
percent from a year ago.

Sales compare with a weekly average of $24.7 billion,
according to data compiled by Bloomberg. Houston-based Cardtronics
raised $100 million after cutting the offering from $125 million,
becoming the first U.S. borrower this month to issue high-yield
debt. Union Pacific, the largest U.S. railroad, sold $479 million
of pass-through certificates after reporting profit that beat
analysts' expectations.


Read more at Bloomberg Bonds News

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