Global Deluge in Bond Sales Is Bringing 81 Deals in 48 Hours
- Uber, Japan’s Denso are among debt offerings Wednesday
- Finance chiefs are eager to capitalize on lower risk premiums
This article is for subscribers only.
Investors from New York to London to Tokyo are clamoring to buy investment-grade bonds, spurring heavy sales of the securities.
At least 81 high-grade bond sales have launched or been completed worldwide this week, including 19 that teed up for the US on Wednesday after a record 29 a day earlier. Uber Technologies Inc. is selling debt today, its first offering as a high-grade company. Automatic Data Processing Inc., a payroll company, is among the sellers as well.