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U.S. Investment-Grade Companies on Borrowing Binge

This year's issuance about to exceed $1 trillion; September pipeline put at $120 billion.

By Sally Bakewell, Bloomberg | Updated on September 01, 2016

Bond sales this year by blue-chip companies in the U.S. are about to exceed $1 trillion as investors seeking refuge from negative interest rates underpin a borrowing binge.

Investors are embracing investment-grade debt, which has gained 9.49% this year after losing 0.7% in 2015, according to the Bloomberg Barclays U.S. Corporate Bond Index. Sales in August, which are typically slow due to the summer holidays, topped $115 billion, making it the busiest August in at least 12 years, according to data compiled by Bloomberg. More than $962 billion of the debt has been issued this year, and at that pace sales may reach the $1 trillion mark in September.

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