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Draghi's Corporate Bond Bid Drives European Sales Toward Record

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Mario Draghi is propelling European corporate bond issuance toward a record.

Non-financial companies sold 49.4 billion euros ($56.3 billion) of notes in the single currency in March, just 400 million euros shy from an all-time high of 49.8 billion euros a year earlier, according to data compiled by Bloomberg. Issuance last month eclipsed the 34.8 billion euros of capital raised in January and February, and was the third highest on record, the data show.