Search
 

Corporate Bond Deals Up Last Week

United Technologies $9.8 bln offering leads sales; junk bond issuance drops.

By Sarika Gangar, Bloomberg | Updated on May 25, 2012

United Technologies Corp.’s $9.8 billion offering, the largest in more than three years, sent U.S. corporate bond sales higher last week even as speculative-grade issuance plummeted to the lowest levels of 2012.

Overall issuance soared 38 percent from the previous week to $19.4 billion while junk bond sales declined 60 percent to $1.9 billion, according to data compiled by Bloomberg. Hartford, Connecticut-based United Technologies, which last tapped the market more than two years ago, sold debt in six portions ranging from 18-month floating-rate notes to 30-year bonds.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.