Bonds
Corporate Borrowers Flock to Bond Market Ahead of Election
- Marsh & McLennan, Waste Management borrow to help fund M&A
- Six firms issue blue-chip debt in busiest day in five weeks
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Corporate borrowers are taking advantage of one of the last opportunities to issue high-grade debt before the US presidential election next week.
Marsh & McLennan Cos Inc and Waste Management Inc were among six companies that sold US investment-grade bonds on Wednesday. Both intend to use the proceeds to help fund acquisitions, according to people familiar with the matter. It was the most borrowers in the market in more than five weeks.