Bloomberg News

U.S. Company Bond Sales of $16.4 Billion Busiest in Six Months

September 04, 2012

Corporate issuers led by Deere (DE:US) & Co. and Honda (HMC:US) Motor Co. offered the most dollar-denominated debt today in almost six months after yields on U.S. investment-grade bonds dropped to a record low.

Deere, the largest maker of agricultural equipment, and Tokyo-based Honda led borrowers selling or planning to sell at least $16.4 billion of bonds, the most since $26.9 billion on March 5, according to data compiled by Bloomberg. Sales this year have averaged $5.7 billion per day while August issuance, the busiest on record for the month, averaged $5 billion.

To contact the reporter on this story: Sarika Gangar at sgangar@bloomberg.net

To contact the editor responsible for this story: John Parry at jparry5@bloomberg.net


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Companies Mentioned

  • DE
    (Deere & Co)
    • $85.0 USD
    • 1.58
    • 1.86%
  • HMC
    (Honda Motor Co Ltd)
    • $31.71 USD
    • 0.09
    • 0.28%
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