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To: ENOTS who wrote (4983)5/18/1998 10:37:00 AM
From: Glenn M  Respond to of 7006
 
US junk bond mkt sees $4.8 bln new deals this week

Reuters, Monday, May 18, 1998 at 10:08

NEW YORK, May 18 (Reuters) - The U.S. junk bond market is
expecting $4.8 billion in new issuance this week, including
several deals totaling $835 million held over from last week,
sources said.
The largest holdover is $250 million in eight-year senior
notes from Recycling Industries Inc. (NASDAQ:RECY) via Merrill
Lynch, sources said. Price talk is 10-1/4 to 10-3/8 percent,
sources said.