Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
$74 Billion In Three Days: Corporate America Goes On Record Borrowing Binge
It's official, this was a record week for the high-grade primary market in the US.
Hot on the heels of more than $50 billion in issuance over Tuesday and Wednesday, another $20.3 billion priced Thursday across 15 deals, bringing the totals for the week to $74.5 billion across 50 deals. Those are both records.
"The prior record for investment-grade bond issuance was $66 billion in the week of September 9, 2013 when Verizon sold $49 billion of bonds in eight parts, the biggest company debt offer
They didn’t want to wait for Trump’s negative interest rates.
Good thing it isn’t August anymore or I would be worried about market liquidity…
Look at how much of that is BBB.