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Gap to sell 1.5 billion dollar bond

Bloomberg has reported that Gap Inc. will be selling a 1.5-billion-dollar junk sale bond to buy back the debt raised throughout the peak of the COVID-19 pandemic last year. This will cut Gap’s borrowing costs as they work on rebounding after taking a hit from COVID-19 lockdowns. The new note is split into two, and people familiar with the matter...

Sep. 15, 2021