Dollar market puts cares aside in $10bn bond spree
The US high grade corporate bond market enjoyed a rare burst of unself-concious vigour this week as a crowd of big name issuers jumped through what could be the last window of opportunity to issue deals for the next few weeks.
GMAC led the way with a $1.5bn five year global, its first dollar bond this year. Financial institutions such as Household, Credit Suisse First Boston, Westpac and Depfa Bank all priced deals of $1bn or more.
And US and Yankee corporate borrowers including AstraZeneca, Pearson,
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