U.S. Company Bonds See Revival With $62 Billion in Sales
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Companies in the U.S. tapped the bond market by the most in at least six months with sales this week exceeding debt sold in all of August.
Ford Motor Co. the second-largest automaker in the nation, and telecommunications firm Frontier Communications Corp., were among about 50 borrowers raising $62 billion this week, according to data compiled by Bloomberg. That’s the most since the week ending March 7 and exceeds the $51.9 billion sold last month, the data show.