Reported 1 day ago
After the Labor Day holiday, the U.S. corporate debt market experienced a significant influx of activity, with at least 27 issuers raising over $40.8 billion in investment-grade bonds. Major players like Merck and Cigna made headlines with their substantial bond offerings to fund acquisitions and refinance loans. Market participants anticipate that this momentum will continue as companies take advantage of low borrowing costs ahead of a key Federal Reserve interest rate meeting.
Source: YAHOO