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Company Bond Sales Still Lag

Last weeks $11.4 bln of offerings is half the average for this year.

By Tim Catts, Bloomberg News | Updated on October 17, 2011

Corporate bond offerings in the U.S. fell short of the 2011 average for the fourth straight week as European leaders raced to contain the region’s sovereign debt crisis.

Time Warner Inc., owner of the Warner Bros. movie studio, and General Electric Co.’s finance unit in Stamford, Connecticut, were among issuers that tapped the market for $11.4 billion of debt, 50 percent below this year’s average, according to data compiled by Bloomberg. While offerings rose 32 percent from the previous period, 80 percent of issuance came on Oct. 12, the busiest day in almost a month.

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