December Corporate Debt Issuance Rises 10% From 2009
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Companies sold $64 billion of bonds in December, a 10 percent increase from the corresponding month last year, taking advantage of interest rates at the lowest levels since at least 2005.
Issuers marketed $41 billion of investment-grade debt and $23 billion of high-yield, or junk, debt as of yesterday, the most sold since 1999, according to data compiled by Bloomberg. Companies sold $58 billion of debt in December 2009, the data show.