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Liberty Will Sell $2.5B In Bonds

Liberty Media Corp. plans to sell $2.5 billion of three-year floating-rate notes in the 144A private-placement market.

Citigroup Global Markets, Lehman Bros. Holdings Inc. and Morgan Stanley are handling the sale.

The sale could come as early as Thursday, according to Reuters.

The notes are expected to yield between 1.45-1.50 percentage points over the 3-month LIBOR rate.