Skip to content
Subscriber Only

Pfizer Leads $41 Billion of Bond Sales as Yields Decline

Sales of corporate bonds in the U.S. are capping the busiest week this month as companies seized on borrowing costs that dropped to the lowest in a year.

Pfizer Inc., the biggest U.S. drugmaker, issued $4.5 billion and Wolfsburg, Germany-based Volkswagen AG raised $3.5 billion, according to data compiled by Bloomberg. Offerings of about $41 billion were the most since $47.3 billion in the five days ended April 25 and compare with a weekly average of $29.1 billion over the past 12 months.