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Corporates Selling $18 Bln in Debt

Busiest day of issuance in a month; issuers include Royal Philips, Bombardier, DirecTV.

By John Parry, Bloomberg | Updated on March 05, 2012

Companies are marketing at least $18 billion of bonds in the U.S., heading for the busiest day in a month, with investment-grade yields at record lows.

Royal Philips Electronics NV, the world’s largest maker of patient-monitoring systems, plans to sell a two-part offering, according to a person familiar with the transaction, who declined to be identified because terms aren’t set. Bombardier Inc., the maker of aircraft and rail equipment, is planning to sell $500 million of 10-year notes, according to another person with knowledge of that transaction. DirecTV, the biggest U.S. satellite television service, may sell $4 billion of five-, 10- and 30-year debt.

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