Corporate Bond Sales in U.S. Fall 19% as Recovery Shows Strain

Wm. Wrigley Jr. Co., the chewing-gum maker acquired by Mars Inc. in 2008, and Amsterdam-based CNH Global NV issued debt this week as sales of corporate bonds in the U.S. fell 19 percent.

Wrigley issued $1.8 billion of debt in a four-part offering as it tapped the corporate bond market for the first time since its sale, according to data compiled by Bloomberg. CNH Global, maker of Case and New Holland farm equipment, issued $1.5 billion of notes in the biggest offering of high-yield, high-risk debt in two months, Bloomberg data show.