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Global corporate interest payment burden rises to record $125bn

Rising interest rates and debt balances pressure company finances

The cruise line Carnival has said it will use extra funds to pay down part of its debt.   © Reuters

TOKYO -- Corporations across the world now shoulder roughly $12.75 trillion in interest-bearing debt, a Nikkei analysis shows, nearly double the liabilities held during the immediate aftermath of the 2008 global financial crisis.

The cost of paying interest on that debt rose to a record $125 billion in the April-June quarter, a level that is placing strain on some corporate finances.

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