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Big business buys back billions of debt
Two of the biggest corporate borrowers in America are preparing to buy back billions of their own debt as they reorganize operations, in an environment that includes reduced federal tax deductions on interest payments, and uncertain demand for industrial products amid the U.S. trade fight with China. In Wilmington, the DuPont Co., which is scheduled to be spun off by DowDuPont in the spring, said Tuesday it is offering to buy back $6.2 billion of its debt, at premiums of $30 per $1,000 outstanding, on a range of notes that had been scheduled to mature between next March and 2038. After rising in morning trading, DowDuPont closed at $57.48, down 0.4 percent.
JOSEPH N. DISTEFANO
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