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SunGard deal crucial for junk

The leveraged buy-out of SunGard is a watershed for the technology industry and its success could be vital to the debt markets for the rest of the year.

JP Morgan, Citigroup and Deutsche Bank bankers met investors in New York this month to sell a $5bn (€4bn) loan package backing the US technology group's LBO by private equity groups led by Silver Lake Partners.

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