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Lukoil, Softbank Lead $24.6 Bln of Bond Sales

Credit spreads widen slightly this week.

By Sarika Gangar, Bloomberg | Updated on April 19, 2013

OAO Lukoil and Softbank Corp. led sales of at least $24.6 billion this week in the U.S. as relative yields widened.

Lukoil, Russia’s second-largest oil producer, raised $3 billion in its first sale in more than two years and Tokyo-based Softbank issued $2.49 billion in dollars, according to data compiled by Bloomberg. Offerings, which were in line with $24.7 billion last week, held below the $27.9 billion weekly average from the past 12 months for a fourth straight period.

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