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Company has $148B of its $257B in cash invested in corporate bonds.
Higher PBGC premiums have pressured firms to close funding gap.
Verizon, Time Warner bought back debt, issued new bonds.
Intel, Johnson & Johnson use offshore cash to buy companies.
Intel, Johnson & Johnson use offshore cash to buy companies.
Investment-grade companies are on track for their busiest Q1 ever.
Issuance was lower than usual in February and may remain muted in March.