Blue-Chip Firms Ramp Up Debt Sales While the Going Is Still Good
- U.S. issuers have reason to accelerate funding, Citi says
- High-grade spreads are holding at tighest level in 14 years
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High-grade companies and banks are borrowing at an increasingly rapid clip as signs accumulate that the best funding conditions since 2007 may not last.
Monday’s onslaught of 12 new U.S. investment-grade deals is the biggest daily count since March 3. Borrowers came from across the spectrum -- large banks like Goldman Sachs Group Inc., bellwethers such as Deere & Co., household names General Motors Co. and HP Inc., and a handful of utilities.