* Fresenius' 2.875% coupon a new record low for European HY * Bond spread more akin to a Triple B issuer * Some investors see Fresenius bond as cash substitution By Natalie Harrison LONDON, Jan 11 (IFR) - German healthcare company Fresenius beat its own expectations and left the high-yield market in shock, after pricing a bond with a record low coupon of just 2.875%. Fresenius Finance, rated Ba1/BB+ - the top end of ...
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