Bond Record in Sight as Sales Near $4 Trillion: Credit Markets
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Global corporate bond issuance has surpassed all of 2013, with the annual record now in sight as investors reap the biggest gains since 2002.
Led by Apple Inc. and Verizon Communications Inc., companies have fueled debt sales worldwide of $3.8 trillion this year, which is about $165 billion away from the peak in 2012 and on pace to exceed $4 trillion for the first time, according to data compiled by Bloomberg. Alibaba Group Holding Ltd., Asia’s largest Internet company, is planning to sell as much as $8 billion in bonds today.