Home Depot, Dell Drive Issuance to 7-Month High: Credit Markets
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Home Depot Inc., Dell Inc. and Burlington Northern Santa Fe LLC led the busiest day for U.S. corporate bond issuance in more than seven months as investment- grade borrowing costs hover near the lowest on record.
Companies sold $15.4 billion of the debt as yields fell to 3.83 percent yesterday and reached as low as 3.74 percent on Aug. 24, according to Bank of America Merrill Lynch’s U.S. Corporate Master index. Hewlett-Packard Co. and American Express Co. lead borrowers marketing at least $14.7 billion of corporate bonds today, according to data compiled by Bloomberg.