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Hertz Set to Join ‘No-Coupon’ Club

Published on 5/22/2020 by Bloomberg Markets and Finance
May.22 -- The infamous “no-coupon-at-all” club could be about to welcome another member. The car rental company Hertz Global Holdings Inc. has told creditors it may be forced to file for bankruptcy. That would mean defaulting on a $900 million bond it sold in November, before it’s even made its first payment out to investors. Bloomberg’s Dani Burger reports on “Bloomberg Markets: European Open.”

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