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First US corporate bond launched since Trump tariff announcement
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First US corporate bond launched since Trump tariff announcement
Apr 8, 2025 7:32 AM

By Shankar Ramakrishnan

April 8 (Reuters) - Paychex ( PAYX ) announced the sale

of a three-part bond on Tuesday, the first corporate bond

offering to be launched since primary markets dried up after

Trump imposed sweeping tariffs on U.S. imports last Wednesday.

Paychex ( PAYX ), a provider of human resources, employee benefit and

payroll services, is using the bond to pay for its $4.1 billion

acquisition of Paycor HCM ( PYCR ), announced in January.

Paychex ( PAYX ) is selling bonds with maturities of five, seven and

10 years. The decision to launch the bonds came against the

relatively amenable backdrop of a rebound in stocks, said one

syndicate banker.

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