Companies rush to debt market as Fed eases funding logjam
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LONDON (Reuters) - A string of investment-grade companies rushed into an improved debt market to raise much-needed cash on Tuesday, as the U.S. Federal Reserve's unprecedented stimulus package helped ease a funding logjam that had locked up global markets.The economic devastation caused by the coronavirus pandemic had crippled global markets and frozen funding worldwide. But the Fed's announcement eased some of the stress, and now Sanofi, Nestle, Diageo, Bank of America, Coca Cola European..