Hartford offers $1.1 billion corporate-bond deal

03/19/2010 | Wall Street Journal, The

For the first time since 2008, Hartford Financial Services Group has tapped the corporate-bond market. The company's $1.1 billion investment-grade deal is part of its plan to repay the money it received through the Troubled Asset Relief Program. Analysts say the deal indicates the bond market's buoyancy. "That shows liquidity and investor willingness to lend has increased dramatically over the past 12 months," said Guy Lebas, chief fixed-income strategist at Janney Montgomery Scott.

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