U.S. Company Bond Sales of $16.4 Billion Busiest in Six Months
Corporate issuers led by Deere (DE) & Co. and Honda (HMC) Motor Co. offered the most dollar-denominated debt today in almost six months after yields on U.S. investment-grade bonds dropped to a record low.
Deere, the largest maker of agricultural equipment, and Tokyo-based Honda led borrowers selling or planning to sell at least $16.4 billion of bonds, the most since $26.9 billion on March 5, according to data compiled by Bloomberg. Sales this year have averaged $5.7 billion per day while August issuance, the busiest on record for the month, averaged $5 billion.
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