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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (24141)8/13/1998 2:08:00 AM
From: Investor-ex!  Read Replies (1) | Respond to of 94695
 
Bonnie,

Sorry, can't respond -- I've gone to bed. <ggg>

I'm a little confused (and sleepy). Why is Aetna holding $34B in bonds? Do you perhaps mean to indicate that they've SOLD $34B in bonds to investors in lieu of equity financing? If so, wouldn't they have to pay a premium to buy back the $34B in bonds at some future date if they wish to take advantage of potentially lower future rates and refinance?