High-Grade Companies Raise $22.5 Billion in Bond Flurry

Twelve U.S. blue chips, including Morgan Stanley, issued debt today, making it the busiest day for bond issuance since just after Labor Day.

By Olivia Raimonde | October 30, 2023 at 04:11 PM

U.S. blue-chip companies unleashed a wave of bond sales on Monday and raised $22.5 billion as borrowers look to sell new debt in a week jam-packed with bond auctions, central bank meetings, and fresh economic data.

Morgan Stanley, Hyundai Capital America, and Bristol Myers Squibb Co. were among 12 high-grade issuers in the market, marking the busiest day for issuance since companies brought 20 deals on September 5, after the Labor Day holiday, data compiled by Bloomberg News shows.

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Construction Firm Bechtel Wins 401(k) ‘Excessive Fees’ Lawsuit, Again

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By Molly Smith | January 15, 2025

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