Pension gap unlikely to spur US debt issuance wave

Newswire

By Dena Aubin NEW YORK, June 24 (Reuters) - A jumbo bond sale from General Motors Corp. is unlikely to prompt a wave of issuance from companies facing record pension deficits, analysts said. Accounting standards give so much leeway in financing pension obligations that locking in long-term debt is usually not the most attractive option, they said. "There's such flexibility built into the timing and amounts of required pension contributions that many companies don't borrow to contribute ...

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