Avis Budget Group Plans $250 Million Bond Sale: New Issue Alert
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Avis Budget Group Inc., the Parsippany, New Jersey-based car rental company, is among corporate borrowers planning to issue at least $3.3 billion of bonds in the U.S., according to data compiled by Bloomberg.
Companies sold $800 million of debt in the U.S. yesterday, Bloomberg data show. Issuance this year climbed to $897.4 billion, compared with $791.6 billion in the equivalent period of 2010.