Wells Fargo to PepsiCo Lead $34 Billion of U.S. Bond Sales
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Company bond sales in the U.S. rose this week to about $34 billion, the busiest in two months, as relative yields widened.
Wells Fargo & Co., the largest U.S. home lender, raised $5 billion in four parts and Purchase, New York-based PepsiCo Inc. issued $1.7 billion as they led offerings that were the most since $36.8 billion in the five days ended May 24, according to data compiled by Bloomberg. Sales rose from $31.3 billion last week and compare with a 2013 weekly average of $29.3 billion.