Goldman Sachs and JP Morgan took home a combined $12bn as they roared out of earnings blackout to meet insatiable demand for financial paper from investors.
After Jefferies opened the floodgates on Tuesday, Goldman tapped the market for $6bn on Wednesday within hours of reporting strong full-year results. On Thursday, JP Morgan matched Goldman with a $6bn three-part offering of its own.
Yankee borrowers also entered the fray. Dutch bank ABN Amro, rated A/A2,