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Empresas y finanzas

Target unit to buy back $900 million in notes


    NEW YORK (Reuters) - Target Corp said on Tuesday that one of its subsidiaries is offering to buy back notes with a principal amount of $900 million issued by its credit card trust.

    TARGET (TGT.NY)Receivables Corp's offer expires at 5 p.m. EDT (2100 GMT) on April 13. The company plans to fund the repurchase with cash it has on hand and will pay par value plus accrued interest.

    Barclays Capital Inc and J.P. Morgan Securities are the lead managers on the offer.

    (Reporting by Phil Wahba, editing by Gerald E. McCormick)