Week’s Bond Offerings Total $38 Bln

Busiest week for corporate issuance in five months led by Amgen.

Amgen Inc. and Peabody Energy Inc. led $38.2 billion of corporate bond sales this week, the most in more than five months, as economists lowering the odds of a U.S. recession overshadowed Europe’s debt crisis.

Amgen, the world’s largest biotechnology firm, issued $6 billion of debt in the biggest bond offering since March, according to data compiled by Bloomberg. St. Louis-based Peabody Energy, the U.S. coal producer, sold $3.1 billion of notes to finance its acquisition of MacArthur Coal Ltd., the data show.

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