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Avis Budget Group (CAR +4.5%) trades higher after completing a $650M offering of of asset-backed...
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Friday, August 26, 2011, 3:43 PM ETAvis Budget Group (CAR +4.5%) trades higher after completing a $650M offering of of asset-backed bonds with a weighted average interest rate of 3.5%. The proceeds will be used to refinance existing higher-interest ABS debt maturing in 2012.
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