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US investors ready to back second bond push

New York

Towergate believes that there is a healthy appetite among US investors if it goes ahead with a bond issue in the near future. The consolidator postponed its original £665m placing last week, and will bide its time until the beginning of July to see if the markets improve.

But chief executive Andy Homer remains upbeat having received a good response from potential investors, especially in the US, where they saw comparisons with Towergate and some of the country's

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