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Companies sell almost $40 bln in debt; spreads tightest in 17 months.
Companies raised at least $20 billion in the bond market Thursday.
Corporate issuance fell this week amid news of central banks efforts to stimulate growth.
Companies issue at least $16 bln in debt.
Walgreen sells $4 bln of debt, Transocean sells $1.5 bln.
Demand for high-yield debt gives borrowers more power to dictate deal terms.
Corporate bond sales see busiest start to a week since March.
Companies trying to lock in low borrowing costs sell more than $237 bln of debt.