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Bond issuance from investment-grade companies has reached $109B so far this month, a record for...
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Wednesday, November 28, 2012, 3:33 AM ETBond issuance from investment-grade companies has reached $109B so far this month, a record for November. Disney (DIS), Murphy Oil (MUR) and six others are the latest to take advantage of low rates and high demand, selling $10.15B worth of debt yesterday. Murphy is an example of a company that raises debt to fund buybacks and/or dividend payouts ahead of an expected hike in dividend taxes next year.
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