WellPoint to Sell $3.25 Bln in Bonds

Corporate bond sales see busiest start to a week since March.

Wellpoint Inc. and Principal Financial Group Inc. are leading companies selling $28.9 billion of dollar-denominated bonds in the busiest start to a week in six months as yields touched unprecedented lows.

Wellpoint, the second-biggest U.S. health insurer, is planning a $3.25 billion, four-part bond issue and Des Moines, Iowa-based Principal is raising $600 million as offerings reach the most since $30.2 billion in the two-day period ending March 6, according to data compiled by Bloomberg. Sales have already exceeded the $13.4 billion issued during the past two weeks.

ECB Actions

European Central Bank President Mario Draghi’s bond-buying proposal involves unlimited purchases of government debt that will be sterilized to assuage concerns about printing money, two central bank officials briefed on the plan said today. Draghi will announce whether the proposal has been agreed to at a press conference tomorrow.

Page 1 of 2

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Advertisement. Closing in 15 seconds.