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GE Capital Leads Bond-Sale Rebound

Corporate offerings hit four-week high as confidence in Europe grows.

By Tim Catts, Bloomberg | Updated on October 13, 2011

Corporate bond offerings surged to the highest level in four weeks as borrowers from General Electric Co.’s finance unit to Time Warner Inc. took advantage of growing confidence that Europe’s debt crisis will be contained.

Kohl’s Corp., the fourth-largest U.S. department store chain, and Montreal-based National Bank of Canada are also among companies selling $9.03 billion of debt in the U.S. yesterday, according to data compiled by Bloomberg. Laredo Petroleum Inc. is marketing $150 million of high-yield, high-risk bonds in the first offering of the debt since Sept. 27, according to a person familiar with the transaction.

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