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Most of the purchasers of Firefly's long-term bonds were various pension funds and insurance companies from North America and Europe. These investment institutions primarily focused on maximizing the security of their funds, which made them prominent investors in U.S. Treasury bonds that often offered annual interest rates below 3%.
Although rating agencies assigned a 2A rating to Firefly's long-term bonds, slightly lower than the highest 3A rating for U.S. Treasury bonds, a ...
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