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Pimco wants to buy distressed debt: report

 
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Deuel
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Joined: 01 May 2006
Posts: 4778
PostPosted: Thu Aug 28, 2008 3:08 am    Post subject: Pimco wants to buy distressed debt: report Reply with quote
Bond-fund giant Pacific Investment Management Co. is seeking as much as $5 billion to purchase distressed mortgage-backed debt, Bloomberg reported Wednesday.

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