BofA to Goldman Lead Tsunami of Bank Bond Sales: Credit Markets
This article is for subscribers only.
Banks around the world are stepping up bond sales, with lenders from Bank of America Corp. to Goldman Sachs Group Inc. accounting for the biggest share of dollar-denominated investment-grade deals in two years.
Offerings by lenders from the U.S. to Europe and Asia rose 62 percent to $26.4 billion last week from $16.3 billion in the period ended July 12, according to data compiled by Bloomberg. Almost 60 percent of high-grade sales in the U.S. this month are from banks, the biggest proportion in two years.