Global Corporate Bond Sales Swell to Record $TK Trillion
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Global corporate bond sales set an annual record as companies lock in borrowing costs that forecasters say are bound to rise.
SoftBank Corp., Amazon.com Inc. and Medtronic Inc. were among borrowers that helped push issuance to $3.975 trillion, past the previous peak of $3.973 trillion in 2012, according to data compiled by Bloomberg. Sales in the U.S. have already reached an unprecedented $1.5 trillion.