US High-Grade Sales Top $60 Billion in Busiest Week Since 2022
- 3M healthcare unit Solventum sold $6.9 billion of bonds Friday
- Issuers are taking advantage of strong demand for notes
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US investment-grade corporate bond sales surpassed $60 billion, marking the busiest week in nearly two years. The bond rush was propelled by a rare Friday offering from 3M Co. healthcare unit Solventum Corp.
The firm’s $6.9 billion deal brings this week’s volume to $60.3 billion, the most since $70 billion of notes priced in the week ended March 11, 2022, according to Bloomberg News analysis.