Investors are meeting a flood of corporate debt issuance with even greater demand, a strong sign for risk appetite as issuers continue to bring new deals.
YUM! Brands Inc., brought the first U.S. high-yield offering in nearly a month, boosted the size of its deal to $600 million from $500 million amid $3 billion of orders. Oracle Corp., which was downgraded by two credit raters after announcing a deal Monday, had amassed more than $50 billion in orders for what became a $20 billion offering, according to people with knowledge of the matter.
