Companies Sell $25 Bln of Bonds

Royal Philips leads busiest day of issuance in a year, with investment-grade yields near record lows.

Companies sold at least $24.8 billion of bonds in the U.S., the busiest day in almost a year, with investment-grade yields at about record lows.

Royal Philips Electronics NV, the world’s largest maker of patient-monitoring systems, issued $1.5 billion of debt in two parts yesterday, according to data compiled by Bloomberg. Bombardier Inc., the Montreal-based maker of aircraft and rail equipment, sold $500 million of 5.75 percent 10-year notes. DirecTV, the biggest U.S. satellite television service, sold $4 billion of bonds in a three-part issue.

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