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• Companies that get sustaintability-linked loans are arranging to pay penalties as low as 1 basis point for failing to meet their ESG goals
• Europe’s investment-grade debt investors used to occasionally buy junk debt to add some yield to their portfolios. The European Central Bank’s decade of loose monetary policy might have turned them into residents rather than tourists
• Corporate America went on an unprecedented borrowing spree this week amid ideal conditions for high-grade companies to tap the bond market

To contact the reporters on this story:
Dan Wilchins in New York at dwilchins@bloomberg.net …