U.S. Bond Sales Revive

Spain bank bailout opens a window for corporate issuance.

Issuers are returning to the U.S. corporate bond market this week, in the strongest start in more than a month, as Spain’s request for a bank bailout reduced concern that the European debt crisis is spreading.

AT&T Inc., the largest U.S. phone company, and Louisville, Colorado-based Zayo Group LLC are leading sales of at least $5.7 billion, the best opening for a week since May 7, according to data compiled by Bloomberg. Sales totaled $16.3 billion last week, a 7 percent increase from the prior week, though below this year’s average of $28.3 billion for the fourth straight week.

CBS Sale

CBS Corp., the broadcaster and owner of the Showtime cable channel, plans to raise $900 million in a two-part offering of five- and 30-year bonds to repay debt maturing in August.

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