Top-rated issuers enjoy bond bonanza


Bristol-Myers Squibb (BMY) was among a number of highly rated issuers to sell a total of $12.7B of bonds yesterday as those raising debt took advantage of falling rates and strong demand.

The pharmaceuticals company sold $1.5B in debt, Bank of Nova Scotia (BNS) $1.5B, railway operator Kansas City Southern (KSU) $450M, and the World Bank $6B - a record for the institution.

Investment-grade firms have auctioned $21B in debt this week, while $884.3B of highly rated corporate bonds had been sold in 2013 through Wednesday. This year is on course to top the record $1.01T that was raised in 2012.

ETFs: LQD, CBND, CORP, FLTR, FLRN, ITR, LWC, SCPB, VCIT, VCLT, VCSH, IGU, IGS, CSJ, QLTA, QLTB, BSCI, BSCJ, BSCK, BSCL, BSCM

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs