Corporate Bond Sales Fall to 2011 Low Amid Middle East Tensions
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U.S. company bond sales tumbled 69 percent this week to the lowest in 2011 as growing tensions in the Middle East shook markets.
McKesson Corp., the biggest U.S. drug distributor, and Kinder Morgan Energy Partners LP led companies selling $6.79 billion of debt, the least since the week ended Dec. 31, according to data compiled by Bloomberg. That compares with $21.8 billion of issuance in the five days ended Feb. 18.