Reported 10 days ago
In a significant move, banks raised $23.5 billion through investment-grade bonds on Tuesday, marking the largest single-day debt issuance since 2016, as they brace for potentially higher interest rates next year. This issuance made up 78% of the total $30.15 billion in high-grade bond sales for the day, with HSBC leading the way by offering $6.5 billion in bonds. Strong demand was noted, with sales exceeding three times the initial volume offered.
Source: YAHOO